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Property website Zoopla.co.uk raises a further GBP3.25m

Zoopla.co.uk, a UK property search and information website, has raised a further GBP3.25m of funding.

The funding consists of GBP1.75m of new equity finance from existing shareholders, led by venture capital firms Atlas Venture and Octopus, together with a GBP1.5m debt facility from Silicon Valley Bank, the commercial banking division of SVB Financial Group.
 
Zoopla attracts over five million visitors per month and delivers over ten leads per minute to estate agents and house builders across the UK.
 
This latest round of funding will be used to invest further in marketing to drive Zoopla’s brand awareness and grow its market share. Zoopla launched its first national TV advertising campaign earlier this year and will return to the small screen in January with a further campaign across ITV, Channel 4, Channel 5 and the Sky digital channels.
 
Alex Chesterman, founder and chief executive of Zoopla, says: “Despite the current market uncertainty, we are totally committed to supporting the industry and building Zoopla.co.uk into the leading online property destination in the UK. As a result of our innovative features and exclusive partnerships, we provide unique and unrivalled exposure for our agent and developer members and will continue to invest whatever it takes to ensure that Zoopla is their most effective online marketing partner.”
 
Fred Destin, partner at Atlas Venture, says: "Zoopla is fast becoming the website of choice for anyone interested in the UK property market – whether searching for their next home or simply researching the market. Alex and his team are passionate about delivering the leading online property experience to the consumer and being the best online marketing partner to the industry and we will continue to back them all the way.”

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