San Francisco-Based Yelp Raises $15 Million in Fourth Round

San Francisco - Yelp, a San Francisco-based social media site where users can post reviews of local bars, restaurants and other businesses, has raised a $15 million fourth round of financing, TechCrunch reported. DAG Ventures led the round, which also included previous investors Benchmark Capital and Bessemer Ventures. The company, which was founded in 2004, said that it will use the proceeds to expand geographically, including opening an office in New York City. Yelp has attracted 8.3 million unique visitors in the past month and currently hosts 2.3 user-generated reviews, according to figures from Google Analytics.
http://www.techcrunch.com/2008/02/26/yelp-raises-15-million-fourth-round-valuation-200-million/
http://www.yelp.com