Industry NewsTechnology

Real estate’s newest VC darlings

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Real estate search site Trulia this week announced $10 million in funding led by Sequoia Capital. The news makes it clear that new online real estate darlings are plumping up with support and here for the long haul. Trulia and Zillow have emerged as the two most recognized entrants in the last few years, though neither has announced profitability to date. Trulia claims around 1.5 million unique visitors per month, while Zillow claims somewhere around 4.1 million unique visitors per month. Each of these Internet whiz kids has strong backing from prominent venture capital firms with successful records in previous online ventures. Trulia's latest financial backer, Sequoia Capital, has a longstanding reputation for partnering with leading innovators such as Apple's Steve Jobs, Oracle's Larry Ellison, Google's Larry Page and Sergey Brin, and YouTube's Chad Hurley and Steve Chen. Zillow's $57 million in funding has come from investment fund partners like PAR Capital Management, Benchmark Ca...