Redfin Raises $50M From Tiger Global, T. Rowe Price, Others

Redfin just raised $50 million, more than double what the Seattle-based online real estate brokerage had raised from venture capitalists in its prior 11 years in business.

The company brought on new investors Tiger Global Management and T. Rowe Price Associates’ portfolios for this “mezzanine investment.” Previous investors Greylock Partners, Globespan Capital Partners, Draper Fisher Jurvetson, Vulcan Capital, and The Hillman Company also re-upped in this round, which brings Redfin’s total venture financing to $95.7 million.

Redfin last raised money in 2011, landing $14.8 million.

The financing was revealed in corporate documents dug up by GeekWire’s John Cook last night, prompting the company to release its official announcement.

Redfin says the new capital will allow it to invest in new technology for each stage of the home sales process.

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One response to “Redfin Raises $50M From Tiger Global, T. Rowe Price, Others”

  1. Blackhawkpartners says:

    Regarding the hedge fund industry, although it is starting to slowly
    recover from the bloodbath of 5 years ago, we expect assets to recover
    slowly to $1.5 trillion by year end 2013. That’s slightly better than
    the total at the end of 2008 but still well below the peak in 2007. A
    major constraint on the growth of hedge funds is the size of their
    investors’ portfolios: the collective wealth of pension funds, insurance
    companies, endowments, sovereign-wealth funds, high-net-worth
    individuals, and other such investors fell from $91 trillion in 2007 to
    an estimated $75 trillion by the end of 2008.

    Ziad Abdelnour