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Eventful, the site that lets its users to discover, promote, share and create events, has today raised an amount of $10 million in the third round of funding. The round was led by Telefonica along with the current investors which includes Draper Fisher Jurvetson and Bay Partners.

The amount will be used to enhance the service by expanding sales and marketing and also exploring the area of opportunities worldwide. Currently the San Francisco, California based event search engine has almost 8 million registered users globally. On the current round of funding, Jordan Glazier, the CEO of Eventful said:

This round of financing will enable Eventful to enhance our services to existing and new users throughout the world and achieve profitability.

Furthermore he added:

We’re pleased that DFJ and Bay Partners continue to share our vision of building a world-class company. Telefonica is an ideal partner with a great team and a global Internet and mobile footprint. We look forward to working with Telefonica to explore opportunities which will cement our position as the leading local events service in the world.

Founded in 2004, the site is the largest event search engine for the local area which means that you can search about events happening in any city. With a large user base, quality of service and with this round of funding, the site will improve and hopefully bring out some cool features as well.

Following is the press release of the Series C funding:

SAN DIEGO, Oct 15, 2008 (BUSINESS WIRE) — Eventful, the leading service for discovering and promoting local events, today announced that it has raised $10 million from lead investor Telefonica and existing investors, Draper Fisher Jurvetson and Bay Partners.

Eventful will use the capital to extend its leadership position in the local events space through expanding sales and marketing, increasing its lead in the mobile channel and exploring international expansion opportunities.

Eventful’s international community of nearly 8 million registered users enjoys the world’s most comprehensive selection of local events through multi-channel programming including online, email, mobile and syndicated content. In addition to its online events search engine at www.eventful.com, Eventful engages users with over 40 million permission-based emails and 100 million widget views each month. Eventful’s unique Demand service is used by over 50,000 performers to connect with their fans and determine where to appear based upon local demand for events. Advertisers, strategic partners, venues and event promoters use Eventful to reach highly-targeted local consumers who share a passion for live events and entertainment.

“The strength and diversity of Eventful’s business, along with the proven ability of its executive team to create technologies that attract millions of users, make Eventful precisely the sort of investment we look for,” said Russ Shaw, Telefonica’s Global Director of Innovation. “Eventful has established itself as the clear leader in local event services, which we believe offer tremendous opportunity for growth throughout the world.”

“This round of financing will enable Eventful to enhance our services to existing and new users throughout the world and achieve profitability,” said Jordan Glazier, CEO, Eventful. “We’re pleased that DFJ and Bay Partners continue to share our vision of building a world-class company. Telefonica is an ideal partner with a great team and a global Internet and mobile footprint. We look forward to working with Telefonica to explore opportunities which will cement our position as the leading local events service in the world.”

“Eventful is achieving what very few companies succeed in doing, they’re taking a great consumer proposition and turning it into a successful business,” said Josh Stein, Managing Director at DFJ.”The management team and employees have done a great job with strategic direction and focused execution.”

“Eventful has focused on and succeeded in building the largest global selection of events and a passionate, engaged base of nearly eight million users,” said Neil Sadaranganey, General Partner at Bay Partners.”The team is also succeeding in developing Eventful into a built-to-last profitable business.We’re excited to continue supporting and participating in the company’s future.”