Sequoia Capital provided $10M in financing which will allow Trulia to go to the next level of their vision of becoming the “go to” place for real estate listing searches.
By partnering with the real estate industry, Trulia helps consumers find information on homes for sale using custom search criteria such as price and number of bedrooms to market trends and neighborhood data at the hyper-local level.
This is already well underway with 1.5 million monthly visitors to Trulia.com and a growing suite of tools for consumers to use. They have remained steadfast in their focus on the quality of the data coming in to enrich the consumer’s experience on the site. They will be able to expand staffing for technology, sales and marketing to further their efforts in a big way.
Incidentally, Sequoia Captial, as an associated brand, says a lot about their belief in Trulia’s success. A who’s who of Silicon Valley success stories come from Sequoia. From the press release:
Sequoia Capital provides startup venture capital for very smart people who want to turn ideas into companies. As the “Entrepreneurs Behind the Entrepreneurs”, Sequoia Capital’s Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Steve Goldman and Sujal Patel of Isilon Systems and Dominic Orr and Keerti Melkote of Aruba Wireless Networks.
Pete Flint and Sami Inkinen, co-founders of Trulia, invited me to join their industry advisory board in 2006 when the endeavor was less than a year old. It was an easy decision because I was a big fan before they approached me. I remain in awe of Trulia’s rapid growth and continue to be impressed with the clarity of their vision, their reliance on teamwork (yes, “Internet” provides the “I” in teamwork) and the talent of the people that work for them.
Here is the official Trulia announcement in their blog.
More fun to come.