Yext Sells Pay-Per-Call Business to IAC's CityGrid Media
August 21, 2012
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VC-backed Yext has sold its Felix division, a pay-per-call advertising business, to IAC’s CityGrid Media. Going forward, Yext will focus on a service called PowerListings, which instantly syncs business locations across platforms. In mid-June, Yext raised a $27 million Series E round from Marker, CrunchFund, Sutter Hill Ventures, Institutional Venture Partners and WGI Group, bringing its total funding to $65 million.
