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Qype secures €8 million funding


Qype, Europe’s largest local review site, today announced it had raised a further €8 million in funding from Wellington Partners, Advent Venture Partners and Partech International. The money raised will be used to help Qype’s geographical expansion as it prepares to launch in five new countries, as well as supporting increased functionality on the site.

The funding comes as Qype broke through 5 million visitors per month for the first time across it’s existing network of six European countries, proving the increasing appeal to consumers of the site’s mix of user-generated reviews of everything from shops, bars and restaurants to plumbers, hairdressers and gigs.

Qype also announced the appointment of two new non-executive board members - media veteran and the man behind Metro’s global success Pelle Tornberg, and Wellington General Partner Eric Archambeau. The wealth of media experience they bring to Qype is expected to continue to help the company’s rapid growth.

Founder and CEO Stephan Uhrenbacher said, “The funding will help us to continue our European expansion and ensure we stay at the forefront of the marketplace. We’ve had huge growth in visitors over the last year and we’re starting to see some real success in the local advertising market. Our new board members and funding will enable us to continue to build the Qype success story.”

www.qype.co.uk

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For more media information please contact iris PR:
Amit Chakravarty, amit.chakravarty@iris-pr.com 020 7654 4742/07940 458472
Vicki Harding: Vicki.harding@iris-pr.com, 020 7654 7926/07796 267250

About Qype.com:
Qype was launched in the UK in September 2007. Founded in Hamburg in 2005 by Stephan Uhrenbacher it has quickly become Europe’s leading local review site, with more than 5 million unique users per month across UK, Germany, France, Ireland, Austria and Switzerland. Qype is a communication platform that allows users to discover places, businesses and services across 6,000 European towns and cities. Qype is available in four different versions: UK – www.qype.co.uk <http://www.qype.co.uk/> , German – www.qype.de <http://www.qype.de/> and French – www.qype.fr <http://www.qype.fr/> , a mobile version at m.qype.com and an iphone version at i.qype.com. The Qype team is European with nine different nationalities represented. The company received the 2007 Red Herring 100 Award for one of the best European start-ups of the year.


Publisher Contact Information:

iris PR
+44 20 7654 4742
amit.chakravarty@iris-pr.com

Company profile of Qype (acquired by Yelp)
Past press releases of Qype (acquired by Yelp).

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