Indianapolis-based Angie's List has secured $6 million in subordinated debt funding and $1 million equity investment from Chicago-based Prism Mezzanine Fund.
Earlier this year the
company announced investments from Boston-based Battery Ventures, $35 million, and Menlo Park. Calif.-based Lighthouse Capital Partners, $18 million.
Bill Harlan, a partner at Prism, attributed
his firm's interest in Angie's List to the company's growth potential. Serving more than 750,000 members in 124 major cities across the United States, Angie's List offers consumer ratings on local
providers in more than 400 categories of service from local contractors, such as plumbers and painters.--Laurie Sullivan