Oodle Raises $11 Million : Classified Search Engine
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Oodle raises $11 Million for their classified search engine
March 21, 2007
Oodle raised $11 million, funding was received from JAFCO Ventures and also from previous round funders Greylock Partners and Redpoint Ventures, as well as independent investors.
What does Oodle do?
Oodle is an online classifieds search engine. They claim over 20 million listings from more than 75,000 sources. In February of this year they also announced that Oodle UK includes over 550,000 Cars, 700,000 Jobs and 70,000 tickets all searchable via location and updated daily.
What will they use this funding for?
To further expand their offerings and user experience.
Oodle is a very interesting site. They have a niche search engine, and more. They have organized classified ads from many sites and papers such as the Washington post. By indexing the classifieds in one location you have a much broader selection of classified ads.
You may start on either the US or UK site, then by region or category. Choose an area such as San Francisco and browse all classified categories in that area: jobs, real estate, personal, cars, merchadise, tickets and more. By clicking on a listing that you find you are taken to the place of origin. If the classified ad was placed in the Washington Post that is where you will be taken to view the ad.
Advertisers pay to advertise on Oodle and the revenue is shared by the partners in the network. Therefore Washington’s benefit for allowing their classifieds to be indexed by Oddle is the fact that advertising revenue that Oodle receives will be shared.
The user interface is excellent. From their home page you are able to quickly understand what they have to offer and how to navigate. Overall an excellent service (great idea) and fantastic site.
See their site here.
Read more about JAFCO Ventures here.
Read more about Greylock Partners here.
Read more about Redpoint Ventures here.
Technorati: venture capital