Last updated: February 20, 2008 - 11:17pm
Backfence.com, a Falls Church (VA)-based community Web site company, said it has secured $3 million in funding from SAS Investors and Omidyar Network to expand its three-city business to at least seven more in the Washington suburbs and two outside the area.
The company, which has news and information sites for Falls Church, Reston and Bethesda (MD), uses proprietary software to create community Web sites on which almost all of the content is provided by local residents via Web logs, postings, digital photos and so on.
Backfence.com, which is supported by advertising, said it wants to deploy its "hyperlocal" Web sites to 160 communities across the country within three years.
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