GrowthBusiness.co.uk: Your gateway to entrepreneurial success

Simon Daniel

Back to the future

Now the recession is apparently over, global companies are back to thinking about the future...

RSS

Market and Sector Type:: Construction & Property

Property website in multi-million funding round

Article Date: Jan 19 2009

Zoopla, a website that combines property listings with community information, has secured £3.75 million to develop its technology and ramp up marketing.

The Series B round was led by Octopus Ventures, which invested £2 million through Octopus Titan VCTs 1, 2 and 3, Octopus Eureka EIS and the Octopus Private Investor Group. The balance of the money comes from existing investors in the company.

Zoopla was launched in January last year by CEO Alex Chesterman, who is also the co-founder of former Octopus portfolio company ScreenSelect.co.uk (now LOVEFILM.com).

The website provides data on house prices, free valuation estimates and listings of properties for sale. It plans to introduce estate agents’ listings on a pay-for-performance basis.

Alex Macpherson, chief executive of Octopus Venutres, says, ‘There is a clear gap in the market for a service that integrates the requirements of buyers, sellers, owners and estate agents by providing much more transparent and comprehensive information on the UK housing market.’

Comments

There are currently no comments on this article

Trying to raise business finance?

The Vistage Guide to Raising Finance in The New Economy. It tells you what your options are and how best to present your case for business finance. Simply visit www.neweconomyblog.co.uk/rf2 to request your free copy.

Hiscox Business Insurance

Life’s full of uncertainties, but you never want to be in any doubt about your business insurance. Hiscox offers broad and inclusive business insurance available online. You can tailor a policy to suit your business needs from a broad range of covers. Find out more.

Selecting the right IT strategy in 2010

Owner managers and CEOs of fast-growing companies want IT-applications that accelerate competitive advantage and improve operational efficiency. This free whitepaper helps you plan and choose the right IT strategy for your business in 2010. Download ‘Selecting The Right Software Vendor’.

Research

Directors' Pay AIM 2009

What should an AIM company pay its CEO or FD?
What should a non-executive director or chairman expect to be paid?
What benchmarks should AIM remuneration committee members be using when
setting pay?

VCT Special Report 2009

This reports principle aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest.

Cash Shells Special Report 2009

A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

The Media Magnate Awards 2009

26th March, Vinopolis, London

Kromek raises Series D round

A Durham University spin-out with technology to help detect terrorist threats is now valued at £52 million following a fourth round of financing.

ControlCircle raises £6 million

A company which manages data centres and internet connections for websites including KPMG and Rightmove has raised £6 million in growth capital.

HG Tech Fund opens for investment

A new fund is being launched under the Enterprise Investment Scheme (EIS), planning to secure tax breaks for its investors by backing growing companies.

Poll

Have your vote on current issues

People who read this also read

Atlas raises $283 million for eighth fund
Early-stage investor Atlas Venture has closed its eighth fund at $283 million (£198 million) and completed the fund’s maiden investment.
Six-figure sum for Welsh car repairer
Western Automotive, a commercial car repair and fleet business based in South Wales, has received a funding package of £170,000.
Conveyancer raises recession war chest
myhomemove, a provider of conveyancing services, is eyeing acquisition opportunities after raising £3.25 million from existing backer Smedvig Capital.
Maxymiser in £2 million Series A round
UK-based web marketing company Maxymiser has secured £2 million from two venture capital (VC) funds to develop its products and grow sales.
Shipping technology company nets €5 million
Eniram, which supplies decision support systems for ships, has raised €5 million (£4.6 million) for a global sales push.

Latest VC Deals

Latest Deal Zone deals
Company	Type	Date
Jeyes	VC	Feb 2010
PrismTech	VC	Feb 2010
iVision UK	VC	Feb 2010
Synseal Extrusions	VC	Feb 2010
Mi-Pay	VC	Feb 2010
AQS	VC	Feb 2010
HCT Group	VC	Feb 2010
FDM Group	VC	Feb 2010

Active Advisers: VCT Fund Manager

Active Advisers
Company	Name	Tel
Electra Partners	Nick Ross	020 7214 4200
M D Barnard & Company	Michael Barnard	01268 493 333
Aberdeen Asset Managers	Bill Nixon	0845 300 2830
J O Hambro Capital Management	Martin Hensley	020 7747 5678
Arc Fund Management	Chris Rowe	020 7623 3345
Northern Venture Managers	Alistair Conn	0191 244 6000
YFM Private Equity	Tracey Parker	0113 294 5000
Limelight VCT	Michael Henry	020 7898 9044
Shore Capital	Craig Cowen	020 7408 4050

White Papers

Better Roads

Serves the information needs of governments and construction contractors involved in Federal, State, County, City and Township highway, road and bridge construction, winter maintenance, roadside and vegetation management and other highway-related projects.

Defense Technology International

Is the one publication focusing on the critical role of defense technologies in programs, policies, programs and funding, providing readers with integrated intelligence and global perspective in Land, Sea, and Air.

FierceGovernmentIT

Is a free, three times a week email briefing for government employees and contractors on the latest government technology news.

GrowthBusiness.co.uk: Your gateway to entrepreneurial success

Nick Britton

Simon Daniel

Michael Jackson

Chris Ingram

Sign up / Login

Edit profile / Log out

Property website in multi-million funding round

Comments

Related articles

Poll

People who read this also read

Site map

GrowthBusiness Highlights