Hyperlocal Site Wins $3M in Funding
Backfence.com, the area’s first big entry into hyperlocal journalism, has won a $3 million investment to help it expand into other Washington-area communities and at least two other U.S. metro areas. The funding comes from SAS Investors and Omidyar Network, two major tech innovation backers.
The site, which started by covering Reston and McLean, launched early this spring and coincidentally happens to be the same area covered by the Post’s first community blog launched in August.
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