Internet property vertical search engine Zoomf.com has completed a round of funding from HOWZAT media LLP. HOWZAT co-founder and Vice-Chairman of Cheapflights Ltd., Hugo Burge will join the board of directors on behalf of HOWZAT media.

Zoomf.com 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 intends 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 further product enhancements.

Zoomf empowers online consumers to specify and search rapidly for relevant properties. For example: Knightsbridge property to buy or Brixton property to rent.

Consumers can drill down quickly to their ideal property specifications, not only for location and price range, but also for 'deeper' specifications, such as 'with garage / off-street parking' or 'river view'.

Zoomf also offers consumers local market intelligence and information on local amenities in their area of choice, via map and listings, e.g. local prices guides: Abbey Road. These provide users with useful additional information about local schools, transport, shopping and recreational facilities, assisting them in their property search.

The new round of financing will enable zoomf.com to expand its product and coverage nationally.

Commenting on the investment, 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.”

He continued:
“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. My own background in property an the Internet convinced me that zoomf.com is a great website to invest in"

“We aim to build the most comprehensive and fresh index of property for sale and rental”, says Ivailo Jordanov, Product Director at Zoomf.com. “This round of funding will facilitate that and also help us expand the product offering and introduce much needed innovations into the market”.

Contacts
Zoomf.com
Ivailo Jordanov, Product Director
Tel: 077 4896 1592

HOWZAT media LLP/Cheapflights
John Barrington-Carver
Tel 07832 655 630

Notes To Editors

Zoomf.com
Zoomf.com is a property search engine currently covering London, which has been operating in beta since June 2006. Zoomf.com indexes property listings from a number of estate agents and is currently rapidly expanding to include additional property listings from further agents. Zoomf.com also offers pricing guides and other useful area information for property hunters.

For more information visit www.zoomf.com

HOWZAT media LLP
Hugo Burge and David Soskin, respectively Vice-Chairman & Head of International, and CEO of Cheapflights Ltd ("Cheapflights") (www.cheapflights.co.uk) recently lead a small group of private investors in launching a specialist Internet investment fund, HOWZAT media LLP ("HOWZAT") (www.howzatmedia.com). Apart from their funding, investee companies will benefit from Hugo and David’s operational experience gained from building one of the UK's most successful, profitable and long-lived dotcom companies.

Launched with an initial US$10 million investment, the new fund has a clearly defined focus: To identify and invest in start-up and early-stage internet media companies which are reinventing the way in which consumers access and use online information. It will seek out global opportunities in Internet media, including, but not exclusively, in the travel sector. This investment profile reflects Cheapflights' own successful business model. Hugo and David will be using their unique experience growing Cheapflights to drive the success of HOWZAT and its underlying investments.

Published on: 12:00AM on 12th February 2007