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Europe’s fastest growing search engine Adzuna crowdfunds £1.5m to accelerate growth

Europe’s fastest growing search engine Adzuna.co.uk, which is backed by venture capital firms Index Ventures, The Accelerator Group and Passion Capital, has raised more than £1.5m through crowdfunding platform Crowdcube.

Launched in July 2011, the London-based business aims to become the world’s leading job search engine, by bringing together all the vacancies in one place and connecting users with them in new ways.

The site attracts six million visits a month, helping thousands of people find jobs. In addition to listing over 1m UK vacancies, the sites ‘ValueMyCV’ technology helps British jobseekers understand what they are worth in today’s job market and helps match them to better, more fulfilling careers.

More than 400 ‘crowd’ investors, have backed the ‘Get Britain Working’ campaign so far ranging from CEO’s and Tech Celebrities such as Sherry Coutu (CBE) and Klaus Nyengaard (former Just Eat CEO) to university students and plumbers.

The largest single investment to date is more than £200k. The average investment size is £3,765 and the smallest amount invested is £13.

Existing Adzuna investor Robin Klein, founder of The Accelerator Group and widely recognised as one of Europe’s top investors, said: “We’re delighted to be working with Andrew and Doug, experienced entrepreneurs with great track records from Gumtree, Qype and Zoopla.

“The Adzuna team has achieved a great deal in a short period of time, and we believe the innovations they continue to bring to the market will change the way people search for jobs, globally.”

Luke Lang, co-founder of Crowdcube, said: “Enabling people to invest in some of Britain’s brightest young companies, alongside world-renowned venture capital firms and acclaimed angel investors, on Crowdcube is now commonplace and vividly shows how we’ve become an accepted part of venture capital landscape in the UK.

“VC-backed, high-growth businesses, like Adzuna, with seasoned management teams, demonstrable market traction and global ambition are at the vanguard of this transformation, which marks a decisive tipping point as crowdfunding gains critical mass and comes of age.”

Doug Monro, co-founder of Adzuna, commented: “We are proud of the world-class team and platform we have built at Adzuna, but we still have a long way to go in job search innovation, mobile apps and internationalisation.”

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