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Follow on Google News | Rent Jungle Raises $300k In Investor BackingRent 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.
By: Rent Jungle RENT JUNGLE RAISES $300K IN INVESTOR BACKING, CONTINUING 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. PITTSBURGH, PA – April, 2011—Rent Jungle (www.rentjungle.com) 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. About Rent Jungle Rent Jungle (www.rentjungle.com) Company Information Site: www.rentjungle.com Founded: 2009 Ownership: Private Management: Jon Pastor, CEO and Co-Founder Geng Wang, CMO and Co-Founder Location: Pittsburgh, PA Media Contact Rent Jungle, LLC 700 River Avenue, Suite 542 Pittsburgh, PA 15208 877.300.2505 www.rentjungle.com email: press@rentjungle.com # # # Rentjungle.com is the most comprehensive rental listing site on the web. It works much like other search engines in that it scours the Internet to amass apartments for rent from a variety of sites. Users can search, sort and bookmark individual listings. End
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