Car Advisory Network raises $6.5M for auto information site
The Car Advisory Network is a company developing of a “next generation media platform” for the auto industry. The firm, based in Seattle, Washington, is in stealth mode. It was established in April of 2007.
Although little is known about the company, a bit of digging into job listings indicates that the company is working on building a major portal for automobile information. Its chief operating officer is a former executive at Edmunds, an award-winning news, info and shopping site for cars.
The $6.5 million angel round came from Accel Partners based in Palo Alto, CA and Greylock Partners based in Waltham, MA.
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About the Author, MG Siegler
MG Siegler writes about technology trends and new media for VentureBeat, with a focus on mobile topics, social elements and key news stories. Before that, MG wrote about technology on his blog, ParisLemon. Originally from Ohio, MG attended the University of Michigan where he studied film. He's previously lived in Los Angeles where he worked in Hollywood and in San Diego where he did web development. He now lives in San Francisco.