Local.com Adds $12M to Fund Acquisitions

Less than a month after it announced the acquisition of Screamin’ Media Group, Local.com says its closed on $12 million in debt financing to fund growth, including acquisitions. Square 1 Bank provided the revolving credit facility. Local.com has been on somewhat of a shopping spree lately: In May, the company paid $3.5 million for venture-backed Krillion Inc., a provider of location-based product search technology for online shoppers.

North AmericaUSBriefs