Adzuna, a London-based startup which created an innovative 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 of £300K last year, and increases the total funding to £800K.
Adzuna was launched in July 2011, and aims to become the world’s leading search engine for classifieds (not just job ads). How will it do this? By bringing together all the ads in one place, and connecting users with said ads in new ways. Adzuna collates almost every job ad in the UK in real time from hundreds of websites and most major job boards, as well as from other sources, like the Royal Household for example. In addition to listing around 500,000 vacancies, the ‘Adzuna Connect’ feature aims to help users “get hired with a little help from their friends”, by connecting them to jobs where they have first or second-degree connections on LinkedIn or Facebook.
This latest round of funding will be used to drive further product innovation around social and data, and expand into other verticals like property and cars, as well as international markets.
Robin Klein, Venture Partner at Index, stated: “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.”
By the way: You can find out about other interesting startups from London in this list.