Already Profitable Redfin Raises Another $10 Million

November 12th, 2009 admin
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Seattle based Redfin , an online real estate startup, has raised another $10 million in a venture capital round led by Greylock Partners . Existing investors Madrona Venture Group, Draper Fisher Jurvetson, Vulcan Capital and The HIllman Company all participated in the round, and Greylock’s James Slavet joins the Redfin board of directors. This was a safety round, as Redfin announced profitability over the summer and have now exceeded a $20 million in revenue run rate (it was just $15 million last summer). They’ve roughly quadrupled in size since 2008, even in a down real estate market. I used Redfin as a buyer over the summer when I was looking for a house. Here’s how it works, and why it’s so attractive compared to normal real estate broker deals: As a …


Originally posted on TechCrunch

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  Related Tweets from Twitter
SREMI (Steve Remillong)  : IN ESCORW QUESTIONS ABOUT APPRAISAL PROCESS Los Angeles Redfin ... http://bit.ly/d2sQiA..
Updated : 2010-03-14T04:09:41Z   |  Reply  |  View Tweet
DarrenLGiles (Darren Giles)  : One carp (only 1.1kg) and 1 small redfin so far - oh and several have gotten away (of course) :-)..
Updated : 2010-03-14T01:25:08Z   |  Reply  |  View Tweet
clumma (Carl Lumma)  : #mindsite see also: http://www.google.com/buzz/clumma/MZkeKZ2t79g/From-the-founder-of-Redfin-Interesting-idea-but-we..
Updated : 2010-03-13T21:52:56Z   |  Reply  |  View Tweet
Mortgagepeople (Mortgage People)  : First time home buyer tax credit (FTHBT) - Seattle - Redfin Real ...: Will the First time home buyer tax credit be... http://bit.ly/bIalCa..
Updated : 2010-03-13T09:54:35Z   |  Reply  |  View Tweet
clumma (Carl Lumma)  : Redfin: great website, unresponsive agents...
Updated : 2010-03-13T04:14:49Z   |  Reply  |  View Tweet
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