What is Redfin?
Founded in 2004 and headquartered in Seattle, Washington, Redfin operates as a technology-powered real estate brokerage. The company aims to redefine the home buying and selling experience through innovative online tools and a network of salaried agents. Redfin's business model focuses on providing a more efficient and transparent service to consumers, leveraging technology to streamline transactions and offer data-driven insights. Its market presence is built on a foundation of technological advancement and a commitment to customer service in the competitive real estate landscape.
How much funding has Redfin raised?
Redfin has raised a total of $657.2M across 11 funding rounds:
Series D
$10M
Series E
$14.8M
Series F
$50M
Series G
$70.9M
Stock Offering
$148.1M
Debt
$107.6M
Stock Offering
$125M
Share Placement
$110M
Series D (2009): $10M featuring Madrona Venture Group, The Hillman Company, Draper Fisher Jurvetson (DFJ), Greylock Partners, and Vulcan Capital Management
Series E (2011): $14.8M backed by Vulcan Capital Management, Madrona Venture Group, DFJ, Globespan Capital Partners, and Greylock Partners
Series F (2013): $50M with participation from TriplePoint Venture Growth BDC, DFJ Venture Capital, Vulcan Capital Management, T. Rowe Price Associates, Hillman Company, Greylock Partners, and Globespan Capital Partners
Series G (2014): $70.9M led by Wellington Management Company, Glynn Capital, T. Rowe Price Associates, TriplePoint Venture Growth BDC, Brothers Brook, and Annox Capital Management
Stock Issuance/Offering (2017): $148.1M supported by Undisclosed
Debt (2018): $107.6M, investors not publicly disclosed
Stock Issuance/Offering (2018): $125M, investors not publicly disclosed
Share Placement (2020): $110M with participation from Durable Capital Partners
Key Investors in Redfin
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC is an investment firm focused on expanding the venture growth stage business segment, providing financing to technology and life sciences companies backed by venture capital firms.
DFJ Venture Capital
Draper Fisher Jurvetson (DFJ) is a leading venture capital firm that backs extraordinary entrepreneurs globally, with a significant track record in various technology sectors.
Vulcan Capital Management
Vulcan Capital Management is a diversified private equity investment firm focusing on unique opportunities in energy assets, leveraging market knowledge to generate returns for institutional and private investors.
What's next for Redfin?
With its substantial enterprise-level backing and a recent strategic investment, Redfin is well-positioned for continued innovation and market penetration. The company's ongoing access to significant capital suggests a focus on scaling its operations, enhancing its technological infrastructure, and potentially exploring new service verticals within the real estate ecosystem. Future developments are likely to center on further integrating online and offline services, expanding its agent network, and leveraging data analytics to optimize the customer journey, solidifying its competitive edge in the evolving real estate market.
See full Redfin company page
