Home improvement and contractor online listings and review service Angie’s List has picked up $18 million in venture debt from Lighthouse Capital Partners. It’s the second double-digit round of funding the Indianapolis-based company has received just this year — Battery Ventures invested $35 million in the service for a minority stake in April.
Angie’s List expanded from covering just home-focused companies like plumbers to health care providers in March, and will use the new funds to scale out to other categories and internationally. It also is a major underwriter of shows on NPR and other public radio, and that probably takes a chunk of its money. Users pay a membership fee to access company listings, and its closest competitor is IAC’s free site Service Magic (which lets contractors bid to win homeowners’ projects) and InsiderPages, also owned by IAC (NSDQ: IACI). All told, Angie’s List has secured $65 million in investments since its launch in 1995. Release.