Thursday, December 18, 2014

Redfin Gets $70.9M Funding Round For National Expansion

Seattle-based online real estate brokerage Redfin said this morning that it has raised a $70.9M funding round, as it continues to expand out the number of markets it serves. Redfin said the funding was led by Wellington Management Company, and also included Glyn Capital Management, Brothers Brook LLC, Annox Capital Management, T. Rowe Price, and Tiger Global Management. The new funding comes just over a year after another big funding round for the company last year, which was worth $50M. Redfin, which is led by Glenn Kelman, said the funding will go towards continued expansion. The company says it has doubled the number of markets it serves over the past year. More information »