Tuesday, April 24, 2007

NearbyNow Gets $5M

Los Altos-based NearbyNow has closed on an additional $5M from the firm's existing investors, the company said Monday. The round came from Draper Fisher Jurvetson and Draper Richards, and will be used for application support, market expansion, and future product development. NearbyNow said that Howard Hartenbaum of Draper Richards has been added to the company's board. NearbyNow operates a service that allows consumers to search for products and sales and local shopping centers. More information »