Craigslist Competitor OLX Scores $5 Million For Online Classifieds

OLX, the Craigslist for the rest of the world, has raised $5 million in Series C funding from General Catalyst Partners, Bessemer Venture Partners, Founders Fund and DN Capital, bringing the total funding raised to $28.5 million. OLX raised $13.5 million in Series B funding in April 2008 from the same investors as above, and raised an undisclosed Series A round of $10 million in September 2006 with the same VCs and various angels participating. While the free classifieds site has trouble competing with Craigslist in the U.S., OLX has a strong user base internationally. With a presence in more than 87 countries in 39 languages, OLX's popularity lies mainly in Spain, India, Portugal, Mexico, South America, China, and the Philippines.