Nauiokas Park, a specialist investment firm, announced an investment in Zoopla.co.uk, the UK's fastest growing property website.
Bucking both the property market and investment climate trends, Nauiokas Park, together with leading venture capital firms Atlas Venture and Octopus Ventures, closed a £3.75 million round of new investment in the company.
Through this investment, Nauiokas Park will own a portion of the richest and most accurate UK residential property database, that over time, will enable the creation of multiple financial products and marketplaces. Sean Park, founding partner of Nauiokas Park commented:
"We are very excited to be involved as investors and advisors to Zoopla.co.uk. In a relatively short time they have already succeeded in building a unique and powerful data set and through the innovative application of technology have brought far greater transparency to residential property markets in the UK. We strongly believe that this will not only be to the benefit of buyers and sellers, but provides a platform upon which agents, banks, brokers and other service providers can build improved products and services while also creating the opportunity for entirely new approaches to emerge."
In addition to providing capital to Zoopla.co.uk, Nauiokas Park expects to bring its brand of innovative and unconstrained thinking and strategies as well as its extensive financial services and technology network to the company. As an advisor to Zoopla, Nauiokas Park will bring over 25 years of global capital markets experience to complement the extraordinary management and technology team already in place.
Alex Chesterman, Founder & CEO of Zoopla.co.uk, commented: "We are delighted to have Nauiokas Park as an investor in this round of funding. We have no doubt that they will play an important role in helping to shape our future strategy, particularly in the area of B2B data services and the monetisation of such and are looking forward to working together."