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Angie’s List attracts $2.5M infusion

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Indianapolis-based Angie’s List said Thursday it has attracted an additional $2.5 million investment, bringing its total financing for the year to $25 million.

The privately held firm with 400 employees has been gobbling up venture capital since 2005.

The latest infusion comes from San Francisco-based Saints Capital and follows a $22.5 million investment it received in October from multiple investors.

The consumer review and rating service said it will use the investment to expand its health and wellness consumer review product, as well as its coupon program, “The Big Deal.”

“We deeply appreciate the financial backing and the great support, but to have our investors come to us as active, involved users of our service brings another element that’s just difficult to describe,” Angie’s List CEO Bill Oesterle said in a prepared statement.

The company's group coupons are marketed in more than 30 cities. The company expects to expand to more than 50 markets by the end of the year.
 

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