Avvo Inc., a legal directory, forum and lawyer-rating system, announced Tuesday that the Seattle-based company closed $37.5 million in financing. The financial investment was led by Coatue Management, with added monies from Benchmark Capital, DAG Ventures and Ignition Partners.
Avvo introduced its rating system in 2006 and said in a press release that it now rates more than 97 percent of lawyers in the U.S. The Avvo rating is incorporated into Microsoft Corp.’s Bing Snapshot product, which adds relevant information to selective searches for people, places and things.
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