Adzuna.co.uk Secures £300k Investment to Transform the way People Search for Jobs
LONDON, July 13, 2011 /PRNewswire/ --
Job search engine Adzuna (http://www.adzuna.co.uk) launches publicly today backed by a £300k seed investment from Passion Capital and prominent angel investors. The company aims to become the world's leading search engine for classifieds, by bringing together all the ads and connecting users with them in new ways.
With over 300,000 live UK job vacancies that represent £7 billion of 'Total Earning Opportunity', Adzuna collates the latest job ads in real-time from all major job boards as well as diverse sources such as CrunchBase, The Royal Household and LinkedIn. The site also includes a compelling social layer which allows users to gain an unfair advantage in the job search process by using their Facebook and LinkedIn contacts.
Adzuna was founded by online veterans Andrew Hunter and Doug Monro, with the support of a number of premier angels investing alongside Passion Capital, including current or former executives from eBay, Skype, Adjug, BT and Virgin.
Doug Monro, Co-Founder of Adzuna, commented "It's great to be working with Andrew again and cracking a big problem. Job, property and car ads are scattered across many websites, causing massive consumer frustration. None of the existing vertical search products have made the experience better. We believe we can take this market to the next level by bringing social, mobile and data to bear - first in jobs and soon by expanding our service to cover property and cars."
"We're really excited to be working with Doug, Andrew and the rest of the Adzuna team. Having led the charge at Gumtree, Zoopla and Qype, the guys have a proven track record of creating successful multi-national internet businesses and innovating in the local search space," said Stefan Glaenzer, partner at Passion Capital, who will join Adzuna's board of directors. "By bringing all the ads together in one place and organizing them with innovative, engaging features, Adzuna will transform the online classified ads market."
Adzuna.co.uk is a search engine for classified ads which makes it easier for you to find the right job locally - and soon properties and cars too. We search thousands of sites so you don't have to, bring together millions of ads so you can find them all in one place, and organize them with useful features so that you can easily find what you need.
Adzuna founders Andrew Hunter and Doug Monro met when working at Gumtree in 2005. They stayed in the local internet space for the next 5 years and finally hatched the Adzuna plan in 2010 on the back of an envelope in a central London pub. The alpha version of the site went live in April 2011.
Doug Monro was most recently COO of property portal Zoopla, leading the growth of the team from 5 to 75 people and the site up to number 2 in UK property with 5 million visitors a month. Previously he was MD of Gumtree.com, the UK's largest classified ads site, and has worked for eBay UK, Bain & Co and Unilever. He has a BA in English from Cambridge and an MBA with distinction from Kellogg.
Andrew Hunter was mostly recently VP Marketing & UK GM of local review site Qype, where he grew the site from 0 to 17 million monthly unique visitors in 2 years. Before Qype, Andrew was Head of Marketing at Gumtree.com and ran Search Marketing for the Thomas Cook Group. Andrew has a BSc in Business & Economics from Oxford Brookes University.
About Passion Capital
Passion Capital (http://passioncapital.com) was established in March 2011 by Stefan Glaenzer, Eileen Burbidge and Robert Dighero with the aim of becoming the premier early stage UK digital media and technology investment firm in the UK. The partners have more than 50 years' collective experience in entrepreneurial, founding and executive operational roles in technology firms.
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