Today Redfin announced a mezzanine investment of $50 million led by Tiger Global Management LLC and by portfolios managed by T. Rowe Price Associates, Inc.
Previous Redfin investors Greylock Partners, Globespan Capital Partners, DFJ Venture Capital, Vulcan Capital and The Hillman Company are also participating. Redfin will use the capital on new technology to make every step of home-buying and selling better for consumers, from the open house to the tour to the offer, negotiation and escrow process.
For more information on the announcement, check out the press release. For Redfin CEO Glenn Kelman’s perspective, check out his recent post on LinkedIn.
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