Adzuna.co.uk Secures £300k Investment to Transform the way People Search for Jobs

LONDON, July 13, 2011 -

Job search engine Adzuna ( href="www.adzuna.co.uk">www.adzuna.co.uk)
launches publicly today backed by a £300k seed investment from
Passion Capital and prominent angel investors. The company aims to
become the world’s leading search engine for classifieds, by
bringing together all the ads and connecting users with them in new
ways.

With over 300,000 live UK job vacancies that represent £7 billion
of ‘Total Earning Opportunity’, Adzuna collates the latest job ads
in real-time from all major job boards as well as diverse sources
such as CrunchBase, The Royal Household and LinkedIn.  The
site also includes a compelling social layer which allows users to
gain an unfair advantage in the job search process by using their
Facebook and LinkedIn contacts.

Adzuna was founded by online veterans Andrew Hunter and Doug Monro,
with the support of a number of premier angels investing alongside
Passion Capital, including current or former executives from eBay,
Skype, Adjug, BT and Virgin.

Doug Monro, Co-Founder of Adzuna, commented “It’s great to be
working with Andrew again and cracking a big problem.  Job,
property and car ads are scattered across many websites, causing
massive consumer frustration.  None of the existing vertical
search products have made the experience better.  We believe
we can take this market to the next level by bringing social,
mobile and data to bear - first in jobs and soon by expanding our
service to cover property and cars.”

“We’re really excited to be working with Doug, Andrew and the rest
of the Adzuna team. Having led the charge at Gumtree, Zoopla and
Qype, the guys have a proven track record of creating successful
multi-national internet businesses and innovating in the local
search space,” said Stefan Glaenzer, partner at Passion Capital,
who will join Adzuna’s board of directors. “By bringing all the ads
together in one place and organizing them with innovative, engaging
features, Adzuna will transform the online classified ads
market.”

About Adzuna
 
Adzuna.co.uk is a search engine
for classified ads which makes it easier for you to find the right
job locally - and soon properties and cars too. We search thousands
of sites so you don’t have to, bring together millions of ads so
you can find them all in one place, and organize them with useful
features so that you can easily find what you need.

Adzuna founders Andrew Hunter and Doug Monro met when working at
Gumtree in 2005. They stayed in the local internet space for the
next 5 years and finally hatched the Adzuna plan in 2010 on the
back of an envelope in a central London pub. The alpha version of
the site went live in April 2011.

Doug Monro was most recently COO of property portal Zoopla, leading
the growth of the team from 5 to 75 people and the site up to
number 2 in UK property with 5 million visitors a month. Previously
he was MD of Gumtree.com, the UK’s largest classified ads site, and
has worked for eBay UK, Bain & Co and Unilever. He has a BA in
English from Cambridge and an MBA with distinction from
Kellogg.

Andrew Hunter was mostly recently VP Marketing & UK GM of local
review site Qype, where he grew the site from 0 to 17 million
monthly unique visitors in 2 years. Before Qype, Andrew was Head of
Marketing at Gumtree.com and ran Search Marketing for the Thomas
Cook Group. Andrew has a BSc in Business & Economics from
Oxford Brookes University.

About Passion Capital
 
Passion Capital ( href="passioncapital.com">passioncapital.com) was
established in March 2011 by Stefan Glaenzer, Eileen Burbidge and
Robert Dighero with the aim of becoming the premier early stage UK
digital media and technology investment firm in the UK. The
partners have more than 50 years’ collective experience in
entrepreneurial, founding and executive operational roles in
technology firms.

For more information please contact the press team on press at adzuna.com +44(0)7957-324720