E-street.com has raised £750,000 sterling of funding from private investors, the company said today.
The funds will be used for the ongoing expansion of e- street's services across the Ireland and the UK.
Over the past two months, the company has launched four new Irish city guides for Cork, Galway, Limerick and Waterford with details of nearly 6,000 businesses in the four cities now online.
E-street will also seek to raise a further £3 million in funding from institutional investors in the fourth quarter to proceed with its national expansion plan, rolling out to 34 cities in the UK over the next 12 months.
"The financing we are announcing today demonstrates e- street's success in the UK and Ireland. Despite the perception of a 'technology downturn', it clearly shows that companies with strong business models can make a success of an Internet business," Ms Alice Nugent, CEO e-street.com Ireland, said.
"We have been busy expanding our city coverage and preparing our data and content for export to a variety of different partners and customers, and we have many deals in the pipeline," she said.
