Property search engine Nuroa has just secured €1 million in a second round of funding from Highgrowth Partners.
Nuroa was first established in Spain, and is currently available in 12 countries. Oriol Blasco, the search engine’s founder and CEO, says a traffic increase of 480 percent between late 2008 and late 2009, along with a 200 percent boost in the first quarter of 2010, helped convince the investors.
“There is a potential market willing to pay for targeted qualified traffic and this new round of funding will strengthen Nuroa’s expansion and allow faster growth,” said Mercè Tell, Highgrowth Partners’ director of investments.
Nuroa says its Spanish search engine, nuroa.es, sends around 1.5 million leads to portals such as fotocasa.es and idealista.com every month.
Along with the investment, Nuroa is also celebrating a new deal with Yahoo! Spain, which will see a nuroa.es branded application amongst those users can choose to add to their Yahoo! homepage. This expands the search engine’s potential audience by approximately 10 million users.