Pulse2 Technology and Social Media News » Angie’s List

Angie’s List Files For A $75 Million IPO

Amit Chowdhry — Thu, 25 Aug 2011 22:42:18 +0000

Angie’s List is a local business reviews website that has filed an S-1 today for an IPO where they expect to raise as much as $75 million. Angie’s List provides consumers a way to rate and review services such as doctors, contractors, etc. Angie’s List launched in 1995 when it focused on car services, home improvement, yard services, etc.

Angie’s List raised a total of $100 million from Battery Ventures, City Investment Group, Cardinal Ventures, T. Rowe Price and several other investors. As of this past June, Angie’s List offered its service to paying members in 170 local markets in the U.S. Angie’s List currently has 820,000 paid memberships.

Angie’s List spent $29.2 million on marketing for acquiring new members in 2010 and the first 6 months in 2011. In 2010 and the 6 months ended June 30, 2011, Angie’s List reported revenue of $59 million and $38.6 million respectively. During the same periods, Angie’s List reported a net loss of $27.2 million and $25.8 million.

Angie’s List collected 2.2 million reviews of local services from members since launching in 1995.

T. Rowe Price Reveals Social Media Investments: $190.5M In Facebook, $71.8M In Zynga, And $86.8M In Groupon

Amit Chowdhry — Sat, 16 Apr 2011 07:36:29 +0000

T. Rowe Price Group, Inc. (NASDAQ:TROW) has revealed some of their investments in social media companies. They have invested a total of $190.5 million in Facebook as of the end of March. The company also invested $71.8 million in Zynga and $86.8 million in Groupon. Two years ago T. Rowe participated in a $100 million round in Twitter along with Insight Venture Partners, Benchmark Capital, and Morgan Stanley. Other investments include $10 million worth of equity in Ning, $35 million equity in Angie’s List, and $114 million equity in YouKu.com. [NYT]

Angie’s List Raises $2.5 Million In Funding

Amit Chowdhry — Thu, 11 Nov 2010 22:24:08 +0000

Angie’s List, an Indianapolis based consumer information website has raised $2.5 million in funding from Saints Capital. The total funding, which was a total of $22.5 million, was brought in from multiple institutional investors. This brings the company’s total funding to $91 million. The additional investment will be used to expand their Health and Wellness consumer reviews product and The Big Deal local group coupon service. Angie’s List started in 1995 and has 1 million paid members. [TechCrunch]

Consumer Reviews Site, Angie’s List Gets $35 Million In Funding

Amit Chowdhry — Fri, 11 Apr 2008 02:54:09 +0000

Angie’s List aggregates consumer reviews about companies for hire.Â Angie’s List members plug in about 15,000 reviews per month.Â Angie’s List charges users to read reviews.Â The company estimates $14 million in revenues and is based in Indianapolis, Ind.Â There are about 200 employees working for Angie’s List.Â Bill S. Oesterle is the CEO and Angie Hicks is the CMO.

Angie’s List reviews companies on a scale of A to F.Â Angie’s List receives revenue from membership fees and ads.Â Angie’s List has over 600,000 members.

Angie’s List has recently raised a round of funding at about $35 million.Â The funding was provided by Battery ventures.Â The funding will be used to expand into new markets such as the medical sector.

Users that are skeptical about joining should read the Top 10 reasons why Angie’s List is worth the money.

Craigslist is rumored to have earned $150 million in 2007.Â That does it, I need to register a domain name with my name in front of the world “list” and sell classifieds or aggregate consumer reviews.

Information Source:
[1] VentureBeat: Angieâ€™s List collects $35M to expand services by MG Siegler