From the Redfin Corporate Blog: "Big news! Redfin just announced a $10-million round of financing led by Greylock Partners’ James Slavet and his colleague David Thacker. Redfin’s group of existing investors — Madrona Venture Group, Vulcan Capital, DFJ, The Hillman Company — also pitched in on the round."

This new round of financing brings the total investment in the Seattle-based brokerage to just north of $30 million. Greylock joins Madrona Venture Group, Draper Fisher Jurvertson, Vulcan Capital and The Hillman Company as investors in the firm.

Some key metrics released by Redfin in their blog post:

  • Revenue exceeded a $20 million yearly run-rate, and Redfin generated its first profits
  • Redfin shipped the highest-rated iPhone application for real estate
  • Site visits increased more than 200%
  • Total dollar value of Redfin transactions since inception exceeded $2 billion
  • Redfin customer satisfaction remained at 97%

This news, coupled with the announcement that Realogy is in the black for Q3 surely means that things are starting to look up in the real estate space.

Congrats to all the Redfin crew.

More at Techcrunch.

Click here to view the original blog post.

Future of Real Estate Marketing is a part of Inman News.

***

What’s your opinion? Leave your comments below or send a letter to the editor.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Las Vegas is back and there are only a few presale tickets left! Register today before they're gone.REGISTER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription