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Trulia – Leading Real Estate Search and Community Site, Secured an Additional $15 Million in Funding

July 14th, 2008 by Social Guy

 

Trulia - Leading Real Estate Search and Community Site

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 and self service offering, Trulia Pro. Trulia.com has raised a total of $33m in Venture Capital.

“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., a residential real estate search engine and the fastest-growing U.S. real estate Web site (comScore), has revolutionized online home search 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 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.

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