Rent Jungle Raises $300k in Investor Backing, Continues Growth
Rent Jungle has raised an additional $300,000 in angel round funding; supporting the expansion its apartment search engine to serve well over 500,000 unique visitors per month.
Online, April 6, 2011 (Newswire.com) - Rent Jungle (www.rentjungle.com) has closed on $300,000 in a round in angel round funding this April. The company plans to use the new funds to focus on expansion to new geographies and platforms, for refinement of the search algorithm, and to enhance user experience on the site. Rent Jungle will also soon be releasing their new iPhone, iPad, and Android application. Users will benefit from faster service, more listings, as well as the consistent core elements of the industry-first apartment and rental housing search engine. The site has already expanded its technology to aggregate listings from over 5 million apartment and rental home listings from over 12,000 sites, improving its already massive listing-base so satisfy the growing needs of the industry.
Since last October, Rent Jungle has seen an increase from 30,000 unique users per month to over 500,000 users this March. CEO and co-founder Jon Pastor said on the subject, "We have been fortunate over the last few months to see our traffic grow to such an extent, and we are always thrilled to find investors as dedicated and excited about the site as we are." Although the site is relatively young compared to its competitors, its traffic is expected to reach over 1,000,000 users per month by the summer of this year. "It's been gratifying watching the site grow so fast," Jon Pastor comments, "and I'm elated in the interest and support we've received thus far."
Similar to most search engines, Rent Jungle allows users to search for specific keywords including bedroom and bathroom count, amenities, price and location. The search engine's rental statistics also grant a view into current rental trends based on market pricing nationally, by city, and by individual neighborhoods. Rent Jungle's search technology can be used as a rental comparison tool allowing users to compare neighborhood rental trends to best match their housing and budget needs - a function new to the rental and housing industry.
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Tags: apartment search, Apartment search engine, apartments
