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Online review giant Angie’s List announced Monday that it has acquired Denver-based tech startup BrightNest for $2.65 million in cash.
The cash price included $2.15 million at closing on Friday and $500,000 payable in a year and subject to performance targets. The BrightNest team will also receive $3.65 million in stock options.
BrightNest provides free online tips and tools for home maintenance. Founded in 2011, the company raised about $1.5 million in funding and participated in the 500 Startups accelerator program. The company’s eight employees will remain based in Denver’s River North Art District, including co-founder and CEO Justin Anthony.
Locations
Colorado, USA
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