Angie's List Raises $53.6 Million in Capital

Angie’s List, which aggregates local services for plumbers, doctors and other businesses, has raised $53.6 million from investors in a round that could end up totaling $60 million, according to a regulatory filing. The company would not comment on specifics, but Bloomberg reported that investors include T. Rowe Price Group. Last year, the Indianapolis-based company raised $25 million from several investors, including T. Rowe Price. Angie’s List provides ratings and reviews to paying members, and introduced a daily deals offer called The Big Deal last year.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald