Oodle, an online classifieds search engine, has raised $11 million in funding from a new investor, JAFCO Ventures, as well as from Greylock Partners and Redpoint Ventures, both of which led the company’s previous round of financing.
The company offers more than 20 million classified listings from more than 75,000 sources, and sells featured listings across its network.
Oodle said in an announcement today that it will use the funding to further expand its Web site and provide additional features.
“Since launching the site almost two years ago, we’ve built up a solid, organic following of consumers who find Oodle the best way to hunt for great deals,” said Craig Donato, CEO of Oodle. “With this round of financing, we can accelerate our efforts to acquire new users and continue adding exciting new functionality to the service.”
“We are excited to join the Oodle team as an investor,” said Joe Horowitz, managing partner at JAFCO. “Classifieds is a very big category, and Oodle brings to it an innovative business model, positioning the company to be a true market leader.”
Greylock’s investment in Oodle is led by David Sze. Greylock’s consumer Internet investments include Digg, Facebook, LinkedIn and Farecast.
Redpoint’s investment in Oodle is led by Geoff Yang. Geoff’s consumer Internet investments include Ask Jeeves, Excite, MySpace and TiVo.
