Trulia Raises $15 Million From Sequoia and Accel
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Congratulations to the crew over at Trulia. They just completed another round of financing for 15 million dollars to bring the total up to 33 million. This round of financing was led by Deep Fork Capital but the headliners are the mega venture capital firms Sequoia Capital and Accel Partners.
Chief executive Peter Flint says the San Francisco-based company wasn’t in danger of running out of cash anytime soon, but taking on the additional financing gives Trulia some insurance in case the economic situation stays bad or gets even worse.
Interestingly, Flint says Trulia is still growing despite the general economic malaise, and the poor real estate market in particular. The company says it gets around 5 million unique monthly visitors. A spokesperson sent me comScore’s top 10 real estate sites for April, which shows it coming in at number seven — since the list is dominated by offerings from big companies like Yahoo Real Estate and MSN Real Estate, that’s quite good for a startup. via VentureBeat.
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Comment by Ron Park on 11 July 2008:
To be in the top ten for real estate on a national/global level, that’s quite a feat. Just like you say, Yahoo RE and MSN RE, those websites have millions of people being funneled to those pages from their homepages, so I really have to hand it to Trulia and Zillow for doing what they’re doing in economic times like these.
-Ron