Online classified search engine Oodle raises another $5.6M

Classified markets are growing in the recession and going digital.

Classified markets are connecting with social networks and going mobile.

Oodle has successfully developed the classified search ecosystem and has become an upstream swimmer in 2009. Mobiya is on its tail, extending the Oodle UK network to mobile and improving the overall quality of Oodle's UK listings to create a safer market place for users. Not forgetting the monetisation over mobile!

CEO Craig Donato blogged about Oodle’s third round funding from existing investors. No new investors were invited nor accepted in this round. Many of them had their wallets open and could only dream of becoming part of Oodle’s cap table.

Oodle met all milestones, now boasting more than 10 million monthly unique visitors, not to mention the potential of the Facebook deal. More than enough reasons for existing shareholders to inject more cash into the company to sustain growth, and protect their shares from dilution.

The woeful economy is also a plus, not only for Oodle, but for everyone in the Classified sector: “More and more people are turning to classifieds in this tough economic environment to find great deals or raise extra cash.” said Craig Donato.