 | Oodle Raises an Additional $5.6M in Funding |
I’m pleased to announce that today Oodle closed an additional $5.6M in funding from our existing investors — Greylock Partners, Redpoint Ventures and JAFCO Ventures.
Oodle had a great year in 2008. We brought some great partners into our network, including Walmart and MySpace, and our traffic more than tripled. Indeed, last month we hit a big milestone when we received more than 10M visits.
I’m really excited about where we’re going this year. More and more people are turning to classifieds in this tough economic environment to find great deals or raise extra cash.
Our mission, as always, is to find innovative ways to improve the experience of using online classifieds. And one of the best opportunities to do that is to make the experience more social. With our partnerships with MySpace and Facebook we’re now poised to usher in a new generation of classifieds!
Congratulations! I think that it’s wonderful and refreshing news to read rather than many of the negative issues worldwide. I was over at wal-mart.com when I found their branded classified ad site and came to oodle.com to check out the site and blog. Raising that amount of funds during this hard economic time is purely awesome. I see how your site benefits many merchant sites and visaversa, I really think it’s too cool.