Oodle Raises $11 Million More

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No wonder Oodle CEO Craig Donato was smiling when I saw him yesterday. The company this morning announced that it just closed an $11 million round from AFCO Ventures and earlier investors Greylock Partners and Redpoint Ventures.

According to the release:

The company will use the funding to further expand Oodle.com, providing additional features for an even better classifieds shopping experience. In September 2006, Oodle was named as the fastest growing online classifieds site by comScore Media Metrix, boasting a 463 percent growth in traffic from the previous year.

The Oodle Index is one of those interesting features.

Classifieds remains an important and increasingly popular aspect of local. And, in an interesting move, Microsoft just added classifieds (Expo) to Windows Live Search. Jobs, Cars and Real Estate are obviously key local categories.

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Here’s more from VentureBeat.

One Response to “Oodle Raises $11 Million More”

  1. Classifieds.com Strategy a Mixed Blessing for Papers « Screenwerk Says:

    […] remain a strikingly and surprisingly hot local category, partly reflected in Oodle’s recent $11 million round. Oodle is going to get acquired and the question is whether it will be by an IAC, a newspaper […]

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