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Redfin Announces $8 Million in Series B Funding.

Publication: PR Newswire
Publication Date: 31-MAY-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Vulcan Capital, BEV Capital & The Hillman Company Join Madrona Venture Group in Funding Industry's First Online Real Estate Broker

SEATTLE, May 31 /PRNewswire/ -- Online real estate broker Redfin Corporation (http://www.redfin.com/) today announced the closing of an $8 million financing led by Paul Allen's Vulcan Capital. Other investors include BEV Capital, The Hillman Company and Redfin's original venture investor, The Madrona Venture Group. As part of the financing, Vulcan Capital's Peter Cochran and BEV Capital's Marc Singer will join Redfin's Board of Directors. In conjunction with the funding, Redfin launched its online brokerage service in the Bay Area, the first milestone in a nationwide expansion plan.

"Vulcan looks for companies that can bring disruptive technologies to extremely large markets," said Vulcan Capital's...

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