Industry News

Zillow secures Series A financing

Investors include Benchmark Capital, Technology Crossover Ventures

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Zillow.com, a pre-launch consumer online real estate service, today announced it received a Series A round of financing with investors Benchmark Capital and Technology Crossover Ventures. Bill Gurley, general partner at Benchmark Capital, and Jay Hoag, founding general partner at Technology Crossover Ventures, will join Zillow's board of directors. The financing terms were not disclosed. "Both Benchmark and TCV have proven track records of identifying and investing in innovative companies, and we're thrilled to have them help us build something great," said Rich Barton, chairman and CEO of Zillow.com. Zillow.com is developing a new online real estate service that aims to make it easier for everyone to get an edge in the home buying and selling process. The company was founded in early 2005 by Barton, founder and former CEO of Expedia, and Lloyd Frink, former senior vice president at Expedia. Zillow has not yet announced a launch date or specific details of the business. In addition t...