Trulia Secures Additional $15M Investment
Investment to Help Accelerate Company’s Position as the Leading Real Estate Search and Community Site
SAN FRANCISCO, CA – July 10, 2008 – Trulia.com, the best place to start your real estate search, announced today that it has secured an additional $15 million in funding. Deep Fork Capital LLC led the financing with existing prior lead investors Sequoia Capital, Accel Partners and Fayez Sarofim and co also participating. Trulia will use this round of funding to further its development of new products and services for homebuyers, agents, brokers and advertisers and to expand their advertising services for the recently launched Trulia Advertising Network http://www.trulia.com/network/ and self service offering, Trulia Pro. Trulia.com has raised a total of $33m in Venture Capital.
Trulia is now helping approximately 5 million unique visitors per month find information on homes for sale http://www.trulia.com/ using custom search criteria and, according to comScore, now ranks as the seventh most trafficked real estate site on the Web (April 2008) with annual growth of over 325%. Trulia has partnered with thousands of real estate brokers and agents http://www.trulia.com/voices/ across the U.S. and provides market trends and neighborhood data at the hyper-local level, as well as Trulia Voices, a real estate Q&A community http://www.trulia.com/voices/, that enables consumers and professionals to exchange information about their local markets.
“The housing slump has permanently altered how people search for real estate and their thirst for information,” said Pete Flint, co-founder and CEO of Trulia. “This additional capital will help us take advantage of this opportunity and continue our accelerated growth. This market is also a unique time to help real estate brokers and agents transition their marketing effort and services online. In the coming year we plan to roll out world class products that will continue to transform the online real estate experience.”
In addition to Trulia’s user growth, the company has seen rapid increase and engagement in its current features.
· Approximately 5 million unique users visit Trulia monthly
· About 100,000 real estate professionals are registered users on Trulia
· Trulia has more than 3 million real estate listings nationwide
· Trulia has over 70 million property records providing constantly-updating comparable sales
About Trulia, Inc.
Trulia, Inc. http://www.trulia.com/, a residential real estate search engine and the fastest-growing U.S. real estate Web site (comScore), has revolutionized online home search http://www.trulia.com by offering a rich, intuitive user experience that points consumers directly to listings on agent and broker Web sites. By partnering with the real estate industry, Trulia helps approximately 5 million unique visitors per month find information on homes for sale using custom search criteria. The site also provides market trends and neighborhood data http://www.trulia.com/city/ at the hyper-local level, as well as Trulia Voices, a real estate Q&A community, that enables consumers and professionals to exchange information about their local markets. For more information about Trulia or to experience the power of a Trulia search, visit http://www.trulia.com.
Tara Wagner for Trulia