Industry NewsTechnology

HouseValues lands more funding on solid growth

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One of the fastest-growing online real estate companies, HouseValues, is being rewarded for its success with a new dose of venture capital. The Bellevue, Wash.-based company this week raised $14.5 million in investment funding from William Blair Capital Partners. HouseValues provides online marketing services to real estate agents and has been growing steadily since its inception five years ago. The latest round of capital adds more evidence to HouseValues' success in the online real estate space. The company has grown to 180 employees, has earned $25 million in revenue last year and is on the path to report $45 million in revenue this year. Although HouseValues CEO Ian Morris declined to talk about the funding, he offered some insight on what has helped the often guarded, private company grow to 10,000 realty agent subscribers in just five years. Morris said HouseValues' map for success encompasses four key parts: the fact that every home buyer or seller request goes to only one ag...