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NEW YORK AllBusiness.com said it has closed a $12.4 million round of venture capital financing, which it plans to use to expand its Web destination for small-business information.
The San Francisco-based company closed the Series C funding with backing from Sutter Hill Ventures, VantagePoint Venture Partners and Reed Elsevier Ventures.
AllBusiness.com’s CEO, Peter Horan, helmed About.com, and the company aims to take a similar approach to small-business information, mixing editorial content, blogging and user-generated content. Like About, the site relies for a large chunk of its traffic from search engines like Google.
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