Friday, January 12, 2018

Internet Brands Acquires Avvo

Los Angeles-based Internet Brands said on Thursday that it has agreed to acquire Avvo, which operates an online legal marketplace where consumers can connect with lawyers. Financial terms of the deal were not announced. According to Internet Brands, Avvo will become part of its Legal vertical. Avvo was founded in 2006, and was venture backed by Benchmark Capital, Coatue Management, DAG Ventures, Ignition Partners, Technology Crossover Ventures, and Vulcan Capital. Avvo had raised around $180M in total funding.

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