Redfin has raised 166 million dollars in private funding across multiple rounds, including a 71 million dollar Series G in December 2014, before later securing significant public capital infusions such as a 525 million dollar post IPO raise in October 2020. Founded in 2004, Redfin built a technology driven real estate brokerage integrating listing search, salaried agents in some markets, iBuyer operations, and mortgage and title services. The company is headquartered in Seattle, Washington, United States.
Keep reading to learn how Redfin transformed the residential brokerage model through technology and consumer centric services.
What Is Redfin and What Does It Do?
Redfin, founded in 2004 by Dave Selinger, Michael Dougherty, and David Eraker, is a residential real estate brokerage and online marketplace based in Seattle, United States.
Redfin employs 5,572 people and provides listing search, brokerage services, iBuyer initiatives, mortgage services, title partnerships, and data tools for homebuyers and sellers. The platform combines agent services with mapping, search technology, and transaction tools to reduce friction and lower fees for consumers.
How Much Funding Has Redfin Raised?
1. Post IPO (2020)
- Amount Raised: 525 million dollars
- Date: October 14, 2020
- Lead Investors: Institutional purchasers
- Purpose: Strengthen balance sheet and support iBuyer initiatives
2. Post IPO (March 2020)
- Amount Raised: 110 million dollars
- Date: March 30, 2020
- Lead Investors: Durable Partners
- Purpose: Liquidity and operational resilience during market turbulence
3. Series G (2014)
- Amount Raised: 71 million dollars
- Date: December 19, 2014
- Lead Investors: Glynn Capital, Wellington, Tiger Global
- Purpose: Product growth, market expansion, and data platform improvements
Total Funding Raised: 166 million dollars
Current Valuation: Public market valuation fluctuates
Latest Funding Date: October 2020
Key Investors
- Glynn Capital
- Details: Growth investor focused on consumer and technology companies
- Focus Areas: Consumer internet and marketplace platforms
- Notable Investments: Redfin and TripAdvisor
- DFJ (Draper Fisher Jurvetson)
- Details: Venture firm backing early and growth stage technology companies
- Focus Areas: SaaS, marketplace platforms, deep technology
- Notable Investments: SpaceX, Tesla, Redfin
- Tiger Global Management
- Details: Growth investor in internet, software, and consumer companies
- Focus Areas: Marketplaces, consumer internet, SaaS
- Notable Investments: JD dot com, Flipkart, Redfin, Snowflake, Stripe
- Wellington Management
- Details: Global asset manager investing in public and private growth companies
- Focus Areas: Technology, cybersecurity, consumer software
- Notable Investments: CrowdStrike, Redfin, Illumio
- Durable Capital Partners
- Details: Growth equity firm investing in late stage technology companies
- Focus Areas: Technology, healthcare, consumer platforms
- Notable Investments: Dropbox, Stripe (select), Redfin
Where Is Redfin’s Headquarters?
Redfin is headquartered in Seattle, Washington, United States, positioned near major technology talent and residential real estate markets in the Pacific Northwest.
What Is Next for Redfin?
Redfin plans to improve transaction economics, expand mortgage and title services, optimize iBuyer programs, and refine agent compensation models to balance growth and long term profitability.
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