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Yelp Taking Big Investment From Elevation Partners

Yelp, fresh off of leaving Google at the altar, is closing a hefty fifth round of financing from Elevation Partners, say multiple sources. The deal isn’t closed yet, says one source, but the guys at Elevation Partners have been telling friends that it’s a done deal.

The size of the rounds is in the $50 million range, but includes both a primary investment component as well as a secondary offering for long time employees. Read more at www.techcrunch.com