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ReachLocal Raises $25M, As Losses Increase

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Woodland Hills-based ReachLocal , the publicly held, online marketing provider for small and local businesses, said Tuesday that it has raised $25M in a term loan. The funding came from Herculus Technology Growth Capital, and comes as the company reported sharper losses and a significant dropoff in revenues. READ MORE>>.

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ReachLocal Sets IPO Pricing Range

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Woodland Hills-based ReachLocal has updated its IPO pricing range, indicating this week in an updated S-1 that it expects the initial pricing of its IPO to be between $17.00 The firm is looking to IPO on the Nasdaq Global Market as RLOC. ReachLocal's IPO is being underwritten by J.P. and $19.00 READ MORE>>.

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ReachLocal Up 15 Percent After IPO

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Woodland Hills-based ReachLocal , which helps small and local businesses place Internet advertising, was up 15.2 The firm, which is headed by Zorik Gordon, was venture backed by VantagePoint Venture Partners, Rho Ventures, Galleon Group, European Founders Fund, and others. percent after its IPO Thursday, closing at $14.98, up $1.98.

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ReachLocal Prices IPO At $13.00 Per Share

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Woodland Hills-based ReachLocal priced its IPO last night at $13.00 The firm, which will list on the Nasdaq Global Select Market as RLOC, said it sold 4,166,667 of its common shares in the offering. ReachLocal was venture backed by VantagePoint Venture Partners, Rho Ventures, Galleon Group, European Founders Fund, and others.

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ReachLocal Hits $147M In Revenues

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500 listing was that Woodland Hills-based ReachLocal , a venture backed provider of local online marketing services, hit $147M in revenues in 2008, up significantly from $4.4M ReachLocal has raised funding from VantagePoint Venture Partners, Rho Ventures, and Galleon Special Opportunities Fund. in revenues of 2005.

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ReachLocal Opens UK Office

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Woodland Hills-based ReachLocal said late Tuesday that it has expanded into the United Kingdom, and opened up a new office in London. ReachLocal, which provides services that help local businesses buy search engine advertising, said it has launched ReachLocal UK Ltd., ReachLocal's paid search ads are placed in Google, Yahoo!,

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ReachLocal Expands Into Canada

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Woodland Hills-based ReachLocal announced Wednesday that the firm has expanded into Canada, and opened up a new sales office in Toronto for its online marketing services. ReachLocal helps businesses place pay-per-click and other ads through Google, Yahoo, MSN, and others. The new office will be headed by Alyn Glazerman.