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.

Author: Benjamin Romano

Benjamin is the former Editor of Xconomy Seattle. He has covered the intersections of business, technology and the environment in the Pacific Northwest and beyond for more than a decade. At The Seattle Times he was the lead beat reporter covering Microsoft during Bill Gates’ transition from business to philanthropy. He also covered Seattle venture capital and biotech. Most recently, Benjamin followed the technology, finance and policies driving renewable energy development in the Western US for Recharge, a global trade publication. He has a bachelor’s degree from the University of Oregon School of Journalism and Communication.