Buzzd gets Series A Funding

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New York: Nihal Mehta and Deepen Shah cofounded Buzzd, a location-based cityguide and social network on the mobile device, announced that it has completed its Series A funding round, led by Greycroft Partners and Monitor Ventures. The company will use the proceeds from the Series A funding for product development and distribution and Fern Mandelbaum of Monitor will join the firm?s Board of Directors with Buzzd Co-Founders Nihal Mehta and Deepen Shah. "Monitor and Greycroft have successfully guided digital media start-ups from seed to success. We are excited to have partners who will roll up their sleeves and really work with entrepreneurs," said Buzzd CEO Nihal Mehta. "Buzzd provides a necessary utility for users, helping them locate venues, interact with friends, and read reviews on the mobile device," said Alan Patricof, Managing Director of Greycroft Partners. The New York based-startup answers the question, "What's going on around me right now?" and delivers location-sensitive, premium editorial event and venue information, along with up-to-the-minute reviews and ratings from friends and other members of the Buzzd community. Users can also browse and search continuously updated event feeds which include pricing, location, and event details as well as the firsthand ratings and reviews posted from the venue by other members. Events and venues are available nationally and aggregated through partnerships with CitySearch, Flavorpill, TimeOut Magazine, with plans to roll out more content partnerships in local markets. User-generated feedback (or ?buzzes?) for 'real-time' activity about venues and events is aggregated at the top of event listings throughout the platform. "Buzzd is the slick new way to find the best local events and venues for the mobile generation," said Anna Lee, Senior Manager of Content Services at Helio.

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