Job search engine Adzuna scoops £2m from the crowd
500 investors have backed the London start-up via Crowdcube as it looks to improve its digital offering
London-based job search engine Adzuna has secured £2m investment via equity crowdfunding platform Crowdcube.
500 investors backed the crowdfunding campaign in return for a share of 7.9% equity which enabled the company to exceed its original £1.5m target, with a largest single investment of £200,005.
Founded by Doug Munro and Young Gun Andrew Hunter in 2011, the Startups 100-listed website aggregates job, property and car classifieds, allowing users to see results from multiple online sources for one search.
Currently listing over a million jobs and receiving more than six million visitors a month, the company says it is on track to hit £5m in revenue for 2015; no doubt bolstered by its recent expansion in 11 countries including Germany, Australia and India.
This investment, which builds on an earlier £2m round led by Index Ventures, Passion Capital and the Accelerator Group, will be used to grow Adzuna’s team and improve its digital offering.