SOURCE: Jobvana.com

Jobvana.com

June 23, 2009 07:00 ET

Jobvana.com Receives Investment From Rally Capital LLC

Rally Capital LLC Joins Hawkeye Investments and Local Angel Investors in a Recent Funding Round for Jobvana.com

SEATTLE, WA--(Marketwire - June 23, 2009) - Jobvana.com (www.jobvana.com), an online marketplace for individuals, service providers and small businesses, announces securing a new round of funding from Rally Capital LLC, Hawkeye Investments LLC and local angel investors.

The new equity raise comes at a pivotal growth point for Jobvana.com as they recently launched a new version of their website as well as a national marketing campaign. The new funds will be used to expand marketing efforts and accelerate product development.

Jobvana.com uses social networking and social media to support the personal connections, word-of-mouth referrals, and local communities that traditionally power small business. Over 30,000 small businesses are using Jobvana.com to market their services, and the rapidly growing site has become a popular destination for people searching for contractors, freelancers, nannies, make-up artists and photographers they can trust.

"We were excited about Jobvana's growth in this type of environment, and their ability to mold their product to the customers' needs," said Dennis Weibling, Managing Director of Rally Capital. "Every time we looked at Jobvana we saw great leaps forward, in terms of product development, and a user base that was excited to grow and evolve with the site."

"It's tremendous to add a partner like Rally Capital," said Jobvana President, Nathan Casey. "Dennis Weibling and his team have a proven track record of growing successful companies."

Rally Capital LLC is a private investment firm that specializes largely in the communications industry, with a direct focus on wireless and next-generation telecommunication technologies and services. Dennis Weibling, one of the firm's partners and its Managing Director, has been involved in the communications industry since the early 1980s and is both an attorney and CPA. He currently serves on the boards of Telesphere Networks, Ltd, Telecom Transport Management, Inc., Sotheby's Holdings, Inc., and various non-profit boards including Seattle Pacific University. He has served on the boards of Nextel Communications, Inc. (prior to its merger with Sprint Corporation), Nextel Partners, Inc., World Wide Packets, XO Communications and Teledesic Corporation.

Hawkeye was an initial investor for Jobvana.com in 2008. President of Hawkeye Investments, John Chapple, serves as Strategic Advisor for Jobvana.com. Prior to forming Hawkeye Investments LLC, Chapple served as Chairman and CEO of Nextel Partners, a provider of digital wireless services throughout the U.S. With more than 26 years of experience in the cable television and wireless communications industries, Chapple currently serves on the Board of Directors for Yahoo! Inc., Real Networks, Cbeyond Communications Inc., SeaMobile Enterprises, and Telesphere Networks Ltd,. He also serves as Chairman of the Board of Trustees at Syracuse University, and the Advisory Board of the University of Washington's Daniel J. Evans School of Public Affairs.

About Jobvana.com

Jobvana creates a social marketplace for individuals, service providers and small businesses to market their skills and services efficiently. Jobvana combines tools from social networking and social media to make it easy for individuals to market themselves, minimizing the costly hurdles involved with starting and sustaining a small business. Use Jobvana to build relationships, trust and fulfillment by working with people you know, doing the things you love to do.