About Company:
MerchantCircle helps you tap into the power of the Local Internet to reach these potential local customers, who are online right now, searching for deals, recommendations and information in your community. We created simple tools to help you to promote your products and services, and designed our site to get your business listed higher in search engine results on engines such as Google and Yahoo.(I reviewd this site 2days back).
How Much they Got From VCs:
The largest and fastest growing online network of local business owners in the nation, has received $10MM in funding from Square 1 Bank and equity investors Rustic Canyon Partners, Scale Venture Partners, Disney’s Steamboat Ventures, and from new financing partners IAC (NASDAQ: IACI - News) among others. The funding validates the company’s business model and allows MerchantCircle to pursue acquisition opportunities becoming available. The deal dramatically accelerates MerchantCircle’s strategy to become the most effective channel for connecting local businesses with local consumers.
What VCs Says:
The innovation of MerchantCircle’s “merchant-first” business model is the type of advanced vision that sustains the success of our region,” said Ron Kundich, SVP Manager, Square 1 Bank Silicon Valley, “I have been impressed by MerchantCircle’s strong growth and look forward to a long term partnership.”
How They Are Progressing:
MerchantCircle has attracted more than 300,000 local merchants in eighteen months. Local business owners use MerchantCircle to create web sites, manage their online reputation, write blogs, send newsletters, publish coupons, and connect with other business owners in their communities. In their new relationship with Square 1 Bank, Merchant Circle will gain access to Square 1’s full network of banking services, comprehensive financial expertise and signature service.
More At:http://www.merchantcircle.com/
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