RISMEDIA, July 14, 2008-Trulia.com, one of the best places to start your real estate search, announced 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 & Co. also participating. According to the company, Trulia will use this round of funding to further its development of new products and services for home buyers, agents, brokers and advertisers and to expand their advertising services for the recently launched Trulia Advertising 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 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 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, that enables consumers and professionals to exchange information about their local markets, says the company.
“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 efforts 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 a rapid increase in engagement with 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-updated comparable sales
For more information, visit http://www.trulia.com/.
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