Atlas and Octopus inject £3.25m in Zoopla
Atlas Venture and Octopus Investments have provided ТЃ3.25m of new funding in property website Zoopla.co.uk.
The transaction was financed with £1.75m equity provided by the investors and a £1.5m debt facility from Silicon Valley Bank. Atlas and Octopus first backed the company in January 2009 with a £3.75m investment.
Zoopla was launched in 2008 and has quickly grown to attract more than five million visitors each month. The recent investment will support further marketing for the company.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com
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