The London-based company is the third Web 2.0 business to received funding from Howzat, a new investment group which backs early-stage dotcoms.
Trusted Places wants to be the 'online answer' for urbanites looking to find places to go out to and has plans for thousands of reviews provided by users in cities all over the world.
The site also offers a ‘taste matching’ service which offers to show how closely their own preferences match those who created the content.
TrustedPlaces revenue will come through advertising from retailers who are being offered a number of packages to increase their exposure on the site.
Chief executive Sokratis Papafloratos, said: “Today marks a hugely important day for us.
“The funding allows us to press ahead with further product development, delivering a truly innovative service.”
As a part of the deal, Hugo Burge, who along with David Soskin has co-founded Howzat and Cheapflights.co.uk, is to join TrustedPlace’s board.
"Hugo’s and Howzat’s expertise will be a tremendous help in expanding our growth and reach," Papafloratos continued.
"Cheapflights is one of the leading online businesses in the UK, with great success at home and abroad.”
"In partnership, it's a success we want to emulate - we’re all very excited about working together and taking TrustedPlaces to the next level."
Burge said: "Trusted Places founding-duo, Sokratis Papfloratos (CEO) and Walid Al Saqqaf (COO) are genuine pioneers with an amazing vision of the website they are building.
"TrustedPlaces.com starts to define the future direction of social networking and user generated content. It also helps you to find unusual and independent places in a landscape of increasingly similar restaurants and bars."
"TrustedPlaces exemplifies the type of dotcom we aspire to invest in and it is an honour to be invited to join their team as an investor and as a member of their board."
Howzat has previously invested in Zoomf.com and Wayn.com.
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