Zoopla.co.uk Raised £3.25m in New Funding
Published On December 23, 2010 |
Zoopla.co.uk, a London, UK-based property search and information website, raised £3.25m in new funding.
The funding consists of £1.75m of new equity finance from existing shareholders, led by Atlas Venture and Octopus, and a £1.5m debt facility from Silicon Valley Bank.
Created three years ago and led by Founder and CEO Alex Chesterman, the company intends to use the new capital to invest in marketing. Zoopla, which launched its first national TV advertising campaign earlier this year, will return to TV in January 2011 with a new campaign across ITV, Channel 4, Channel 5 and the Sky digital channels.
Zoopla.co.uk provides consumers with the resources to make better-informed property decisions. It combines property listings with market value data, local information and community tools. In August 2009, the company acquired The Property Finder Group, which included propertyfinder.com and HotProperty.co.uk.