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Qype Raises Another 6.5 million Euros, Signs Vodafone Distribution Deal

November 23rd, 2010 11:56 admin Leave a comment Go to comments

Local reviews site Qype, which lets you review any venue from restaurants and bars to gyms and childcare, has raised a new funding round amounting to a combined 6.5 million euros to throw fuel onto its mobile business. Investors include Vodafone Ventures and existing backers. Currently the largest user-generated local review site in Europe (yes, it’s ahead of Yelp), Qype has raised 3.5 million euros from Vodafone Ventures and a further 3.0 million euros from its existing three investors, Advent Venture Partners, Partech International and Wellington Partners.

The main aspect of this deal means co-branded version of Qype’s application will be pre-loaded on supported Vodafone devices, including Blackberry and Android on handsets in the UK, Germany, Italy, Spain, Portugal, Netherlands and Ireland. It’s likely that Qype will do best out of pre-installation on Android devices.

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Source: Qype Raises Another 6.5 million Euros, Signs Vodafone Distribution Deal

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