Yodle Growing Quickly, Secures Financing

Yodle, the New York-based startup that helps local businesses advertise more efficiently on the web, has secured $10 million in Series C financing in a round led by JAFCO Ventures and joined by Draper Fisher Jurvetson Growth, DFJ and Bessemer venture Partners, according to TechCrunch.

The company took the opportunity to add some facts and figures to the funding announcement, and they reflect that Yodle is doing extremely well.

The company, which started out in 2005, reports a whopping 700 % increase in annual revenue compared to its 2007 income. Of course, expressing growth in percentages is meaningless without actual figures, so we poked around a bit and got CEO Court Cunningham to at least share the run rate for last quarter (Q4 2008), which amounts up to $30 million. Also telling is the reported growth in employee count and signed customers: Yodle had 9 people on the payroll in 2006, it now has about 250, and the company now boasts 5,000+ customers which is up from 125 in 2006. Yodle expects to turn a profit in about six months.