BREAKING: Angie's List raises $18M in capital

November 18, 2008

Months after receiving a $35 million injection of venture capital, Angie's List has raised $18 million in venture debt, this time from a different firm.

The Indianapolis company announced this afternoon that it has received $18 million from Lighthouse Capital Partners, a Menlo Park, Calif., firm specializing in secured loans to early-stage and expansion-stage technology, life science and clean technology companies.

Investments from venture firms have become difficult to land amid the credit crunch.

In April, Angie's List attracted $35 million in venture capital from Boston-based Battery Ventures, which owns Indianapolis software developer Consona Corp.

Angie's List rates plumbers and other consumer services. It has more than 750,000 customers and is planning an international expansion.

Last month, Angie's List announced that it planned to double its property holdings on the east edge of downtown as a revitalization project around its headquarters at 1030 E. Washington St.

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