# Redfin Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/redfin

- Industry: Commercial Property
- Headquarters: Seattle, US
- Website: www.redfin.com
- Total disclosed funding: $167M
- Latest round: Series G (Dec 15, 2014)
- Investors on record: 13

## About

Based in the US, Redfin Corporation is a real estate technology company that offers innovative brokerage services, empowering clients to buy, sell, and rent homes efficiently while leveraging technology.Redfin Corporation operates as a technology-driven real estate brokerage, founded in 2006 in Seattle, US. The company completed its Trade Sale funding round, raising USD 1,750.00 mn, with Rocket Companies, Inc. as a notable investor. Redfin has successfully engaged in 18 deals, with the most recent deal dated July 27, 2017. The company is led by a team of executives including Elliot Bernard, Glenn Kelman, Mohammod Iqbal, Pete Biava, Rubeigh Gilese, and Sanzida Shova.Redfin operates primarily in the real estate sector, offering a comprehensive range of services facilitating home buying, selling, and renting. Their core product is a technology-driven real estate brokerage that connects clients with experienced Redfin agents, assisting in pricing, marketing, and selling homes effectively while charging a reduced listing fee compared to traditional agents. Redfin's services cover various property types including single-family homes, condos, and rental properties, and they provide a user-friendly online platform where customers can search for properties, access mortgage services, and utilize tools such as affordability calculators and market trackers. Redfin primarily caters to the US and Canada, focusing on metropolitan areas with a strong demand for real estate services.In the most recent fiscal year of 2024, Redfin reported a revenue of USD 1,042.98 mn, with an EBITDA of USD -112.49 mn. The company generates revenue through various transaction-based models including commissions from home sales, fees from mortgage services, and additional revenue from ancillary services, primarily relying on real estate transactions facilitated by its agents.Redfin aims to expand its market presence by launching innovative new products designed to enhance customer engagement and streamline real estate transactions. Following their successful IPO where they raised USD 138 mn by selling shares at USD 15 per share in July 2017, Redfin plans to utilize the raised funds to invest in technology upgrades and geographical expansion, specifically targeting additional metropolitan areas in the US and Canada to cater to growing market demands.

## Funding rounds

- Series G, Dec 15, 2014, $71M — T Rowe Price, Wellington Management, Tiger Global Management, Glynn Capital, Annox Capital, Brothers Brook
- Series F, Nov 14, 2013, $50M — Draper Fisher Jurvetson, Globespan Capital Partners, T Rowe Price, Hillman Company, Greylock Partners, Tiger Global Management, Vulcan
- Series E, Oct 13, 2011, $15M — Draper Fisher Jurvetson, Globespan Capital Partners, Greylock Partners, Madrona Venture Group, Vulcan
- Series D, Sep 30, 2010, $0.3M — BEV Capital, Draper Fisher Jurvetson, Greylock Partners, Madrona Venture Group
- Series D, Nov 12, 2009, $10M — Draper Fisher Jurvetson, Hillman Company, Greylock Partners, Madrona Venture Group, Vulcan
- Series C, Jun 28, 2007, $12M — BEV Capital, Draper Fisher Jurvetson, Hillman Company, Madrona Venture Group, Vulcan
- Series B, May 31, 2006, $8M — BEV Capital, Hillman Company, Madrona Venture Group, Vulcan
- Series A, Sep 30, 2005, $0.8M — Madrona Venture Group

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A, Series B, Series C, Series D, Series E
- BEV Capital (https://capitalatlas.ai/funds/bev-capital) — Series B, Series C, Series D
- Hillman Company — Series B, Series C, Series D, Series F
- Vulcan (https://capitalatlas.ai/funds/vulcan) — Series B, Series C, Series D, Series E, Series F
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series C, Series D, Series E, Series F
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series D, Series E, Series F
- Globespan Capital Partners (https://capitalatlas.ai/funds/globespan-capital-partners) — Series E, Series F
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series F, Series G
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series F, Series G
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series G
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series G
- Annox Capital (https://capitalatlas.ai/funds/annox-capital) — Series G
- Brothers Brook — Series G