MerchantCircle is a Walnut Creek, California-based digital company which helps small and midsize businesses network with other local businesses and reach local customers through free marketing tools and social media features. MerchantCircle was co-founded in 2004 by former CEO Ben T. Smith IV, and announced in June 2006. It was named "Newcomer of the Year" by AlwaysOn Media in 2007 and was ranked as the fifth-largest local directory site and one of the top 160 sites in the U.S. by a Quantcast study in 2009. MerchantCircle received just over $4 million in early stage funding from venture capital firms Rustic Canyon Partners, Scale Venture Partners, and Steamboat Ventures. In November 2007, the company received an additional investment of $10 million from IAC, Square 1 Bank, and all three previous investors. Ron Conway was also an early investor. More information...
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