Feb 7, 2007 clicker updates
Some from the release:
INTERNET INVESTMENT FUND ‘HOWZAT MEDIA’.
MAKES INVESTMENT IN PROPERTY SEARCH SITE ZOOMF.COM
Second HOWZAT Investment
London, 5 February 2007: HOWZAT media LLP, the US$10 million investment vehicle for start-up and early stage dotcom companies, has completed its second investment, namely in Zoomf.com (“Zoomf”) (www.zoomf.com). Zoomf is an early stage Web 2.0 residential property sales and letting search engine. Its key differentiator is that it puts user friendliness first and aims to be comprehensive by offering agents free property listings. Still in its “beta” stage of development, Zoomf plans initially to cover agents offering property in the Greater London Area before rolling out nationally with more product enhancements.
Zoomf empowers online consumers to specify and search rapidly for relevant properties. For example:
Or, Brixton: http://www.zoomf.com/london/brixton/property/buy
Commenting on the investment, HOWZAT co-founder and Vice-Chairman of Cheapflights Ltd., Hugo Burge, said, “Search is an area we know well. Online property search is a significant and well publicised sector. We believe that next generation property search brings an exciting new dimension to the property market.”
“We were attracted to investing in Zoomf not only because of their cutting edge product but also because of the wealth of experience in the founding team. The Zoomf team has a raft of experience in online media, pan-European roll-out, search engine technology and the management of growth organisations. We are confident that they will use the funds raised further to innovate and introduce new products to meet the needs of both consumers and the property sector.”
Rod Dowler, Zoomf Chief Executive added, “HOWZAT is an ideal source of funding for us. Not only is HOWZAT focused on dotcoms such as ours, its management has had hands-on experience of developing and growing Cheapflights – one of the UK’s most successful vertical search sites, both in the UK and in the USA. They are a perfect partner for us.”