BREAKING: Angie's List gets $35M infusion

J.K. Wall
April 10, 2008
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Angie's List plans to use a new pile of venture capital to take its consumer-rating service international.

The Indianapolis-based company has received a $35 million investment from Battery Ventures, a venture capital firm with offices in Boston and Silicon Valley. Battery will hold a minority stake in the company.

Angie's List has more than 600,000 subscribers in 124 major cities. The company said it would start offering its service to any person in the United States by the end of June. After that, Angie's List plans to launch service in Toronto and London.

Last month, Angie's List began collecting ratings on the health care industry, including reports on doctors, facilities and insurers

"Angie's List has really cracked the code on using the Web to link consumers to reliable service providers, and has been delivering value to members since day one," said Roger Lee, a general partner at Battery Ventures. "The team, their business model, their national reach and the integrity of the data they make available puts them far ahead of the pack."

Angie's List launched in 1995 in Columbus, Ohio. It moved to Indianapolis when it acquired Unified Neighbors, a forerunner to its service. The 325-employee firm, which posted revenue of roughly $28 million last year, has its headquarters just east of downtown Indianapolis.


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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

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  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?