Lawyer Website Avvo Valued at $650 Million in Funding Round

Avvo Inc., an online directory for finding and rating lawyers, raised $71.5 million in a funding round led by Technology Crossover Ventures, to add products and boost marketing and hiring.

The financing values the Seattle-based startup at about $650 million, said people with knowledge of the matter, who asked not to be identified because the figures aren’t public.

The round brings total funding for Avvo to $132 million.

At that valuation, the Seattle-based company is worth about three times as much as publicly traded Angie’s List Inc., an online subscription-based marketplace that connects consumers with service providers.

Avvo attracts more than ...