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Gumtree operates as a prominent online classified advertisement and community platform, providing a digital marketplace for individuals and businesses. The service enables users to post and browse listings across various categories including goods for sale, vehicles, jobs, and property. It facilitates local commerce and community interaction through both free and paid advertising options, designed to enhance visibility for listings and connect buyers with sellers efficiently.
The company was founded in March 2000 by Michael Pennington and Simon Crookall. Their initial insight stemmed from a desire to create a dedicated online hub for Australian, New Zealander, and South African expatriates relocating to London. This platform aimed to simplify their integration into the city by assisting with critical needs such as housing, employment, and social networking, embodying the concept of building community connections.
Today, Gumtree serves a broad user base beyond its initial expat community, functioning as a comprehensive local classifieds portal. Its vision centers on empowering communities by offering a trusted and accessible environment for local transactions and interactions. The platform continuously evolves its features, including user ratings and community guidelines, to foster a reliable and positive experience for all participants in its diverse marketplace.
Gumtree has 1 tracked investment across 1 company. The latest tracked deal is $750K Other Equity in Cashkaro in July 2013.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 29, 2013 | Cashkaro | $750K Other Equity | — | Doug Scott, Investec, PayPal Ventures |