LONDON, January 18, 2012 /PRNewswire/ –Adzuna, the next-generation job search engine, has today announced it has raised £500k investment financing from Index Ventures, The Accelerator Group and existing investors including Passion Capital. The latest funding follows a seed round last year.
Launched in July 2011, Adzuna classifieds aims to become the world’s leading search engine for classifieds, bringing together all the ads and connecting users with them in new ways.
Adzuna collates almost every job ad in the UK in real time from hundreds of websites, including all of the major job boards as well as sources like the London 2012 Olympics, Williams Formula 1 and the Royal Household. In addition to listing around 500,000 vacancies, the unique Adzuna Connect feature helps users “get hired with a little help from their friends” by connecting them to Adzuna jobs where they have first or second-degree connections on LinkedIn or Facebook.
The site also offers a wealth of data about the jobs and companies recruiting, from average salary data to employee reviews, interview questions and “CEO Approval ratings”.
Since launch in July, Adzuna has rapidly grown to hundreds of thousands of visitors per month, and was named a Top 20 Startup of 2011 by Startups.co.uk, a finalist in the Website of the Year awards, and shortlisted for the Europas.
This latest round of funding will be used to drive further product innovation around social and data, and expand into other verticals as well as international markets.
Robin Klein, Venture Partner at Index, said, “We’re delighted to be working with Andrew and Doug, experienced entrepreneurs whom we know well from their track records at Gumtree, Qype and Zoopla. The Adzuna team has achieved a great deal in a short period of time, and we believe the innovations they continue to bring to the market will change the way people search for classified ads.”
Doug Monro, Co-Founder of Adzuna, said: “We’re really excited to have top-class investors like Index, The Accelerator Group and Passion involved. We are passionate about making the classifieds search experience fundamentally better for users in the UK and beyond. This will help us towards that vision.”
By Tim Spagnola
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