By Bob Samii el 8 June 2009
There is already 28.5 million dollars invested in the web classifieds site OLX, led by Fabrice Grinda and Alec Oxenford. OLX is now closing on its third round of financing put together by General Catalyst Partners, Bessemer Venture Partners, Founders Fund and DN Capital for a total of 5 million dollars.
As noted by TechCrunch, OLX is quickly becoming recognized as a global competitor of Craigslist with the site already translated in 39 languages and presence in 87 countries. The site’s popularity is greatest in countries including Spain, India, Portugal, Mexico, China and the Phillipines.
With the continuing growth of this project and additional infusion of capital they have received, we might soon be able to say that OLX is the leader in this sector. Moreover, OLX has stated that the funds from this investment will serve in their efforts for new acquisitions (like the purchase of Chinese classifieds portal Edeng), improvements in the website, further global expansion and to continue with marketing initiatives.
By Luv el 26 September 2008
Eneko Knörr is a great reference for me as an entrepreneur. I believe he has made a great company out of Hostalia and transmits very good ideas in his blog related to the world of business and entrepreneurship. He is a simple person, very intelligent and it heartens me to see that after selling Hostalia, he continues to launch new projects within a new company called Ideateca.
Ideateca is described as a factory of ideas, it’s an incubator for internet projects that starts with two initiatives already functioning and with the objective of entering the themes they consider profitable.
There are three projects that are already up and running in Ideateca: Anuncioteca, a classifieds website; Videolandia, a video portal; and two islands in Second Life. Soon they will be launching in Ideateca a flash games portal, applications for mobiles and a service for photologs, amongst other things.
I find it very interesting how Eneko is starting his new business adventure. Being an expert in the world of internet, he has detected those sectors that could attract huge traffic and convert into big business. Through his extensive experience, he will be able to contribute interesting new things in each of those sectors.
Let me conclude saying that in Ideateca they are hiring professionals to work in their projects, mostly they are looking for PHP-MySQL programmers who live in the area of Bilbao.
By Luv el 1 August 2008
I wasn’t expecting this movement from the founders of Ebuga (and Eburra), who also previously founded Coches.net but the truth is that it makes a lot of sense to make the most of the synergies with a social network of automobile aficionados and start a website of classifieds for the sale and purchase of secondhand cars.
The website is called PocosKm (literally, FewKm), the typical phrase used when one wants to sell a car (”it has few kilometres”), and follows quite well the style of Ebuga which I so much like, very clear information and with an appropriate structure for navigation (my congratulations to the designer).
PocosKm launches with GoogleMaps integration, a control center for professionals and alerts of vehicles to notify potential buyers when a vehicle of their desired specifications goes on sale.
Just today, Christian Chena announced that he had sold Carros.com and wanted to sell Coches.com, which is another sign that the world of automobiles on the internet is very active lately, as we commented the other day while talking about enCooche.
By Javier el 17 December 2007
Looks like venture capital has liked the way Needish wants to revolutionize the classified advertisements sector. When we talked about it in October, I didn’t know that Wenceslao Casares, Alejandro Simonetti and Cristian Morales had already invested in the project, something that gives it important know-how of the internet business.
Now Needish receives 500.000 dollars of investment which makes it one of the Chilean Web 2.0 projects with the highest amount invested and also one of the most talked about projects lately.
It’s interesting to see how the site already accounts for 3 thousand users who are utilizing this system of reverse classifieds, where users publish their needs and other people or companies offer to satisfy those needs.
Seen in Webprendedor.
Vote for Needish in Loogic Rank.
Read the original article in Spanish.