Redfin Raises $50M From Tiger Global, T. Rowe Price, Others

11/14/13Follow @bromano

Redfin just raised $50 million, more than double what the Seattle-based online real estate brokerage had raised from venture capitalists in its prior 11 years in business.

The company brought on new investors Tiger Global Management and T. Rowe Price Associates’ portfolios for this “mezzanine investment.” Previous investors Greylock Partners, Globespan Capital Partners, Draper Fisher Jurvetson, Vulcan Capital, and The Hillman Company also re-upped in this round, which brings Redfin’s total venture financing to $95.7 million.

Redfin last raised money in 2011, landing $14.8 million.

The financing was revealed in corporate documents dug up by GeekWire’s John Cook last night, prompting the company to release its official announcement.

Redfin says the new capital will allow it to invest in new technology for each stage of the home sales process.

Benjamin Romano is editor of Xconomy Seattle. Email him at bromano [at] xconomy.com. Follow @bromano

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    Ziad Abdelnour