Real estate listings search site has secured $10 million in financing, which the company said will go towards expansion.

The Series C round of funding was led by Sequoia Capital, and includes previous venture investors Accel Partners and Fayez Sarofim & Co.

The investment will fund Trulia’s general operations and allow it to expand its team, and develop new products and services, the company said in a statement.

The real estate site, which launched in the fall of 2005, has about 1.5 million unique monthly visitors and some 2 million property listings, according to Pete Flint, co-founder and CEO.

The San Francisco-based company has raised a total of $17.7 million since inception.

“Trulia has demonstrated the ability to work effectively within a complex industry, helping consumers with their home-buying decisions and giving real estate professionals a tangible way to make next generation Web services work for them,” Sequoia Capital Partner, Sameer Gandhi, said in a statement.

Trulia is among the many new entrants in online real estate chasing the $11 billion in expected advertising spend this year.

Today’s announcement follows a new product launch from Trulia this month that included a new online community section intended to spark neighborhood dialog among users, including home buyers, sellers and real estate professionals.

Also in May, Trulia announced a site redesign, e-mail alerts for consumers who want to track current and newly listed properties that match their criteria, the addition of data for past home sales, and the launch of a new real estate-related widgets Web site at

“We’re thrilled to have the support of Sequoia Capital and our existing investors to help us to fully realize our vision to deliver a great online real estate experience,” said Flint.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here×