Zvents has snagged a $24 million investment from a roster of telecom partners, including AT&T and Nokia. The local, events-based search engine plans to use the funds to grow its ad network (which lets
local businesses and national chains promote their events through searchable listings) as well as upgrade the technology behind its search platform.
Nokia Growth Partners, the
investment arm of Nokia, and AT&T were both new investors, though previous investors NAVTEQ, Vantage Point Venture Partners and Red Rock Ventures also participated in the round.
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