Zillow Announces $30M in Series C Funding
By: Spencer Rascoff, Zillow COO | September 20, 2007
Zillow announced today that we raised a new round of venture capital. Our Series C financing is a $30 million round led by Legg Mason Capital Management, and all three previous institutional investors are also participating — Benchmark Capital, Technology Crossover Ventures and PAR Capital. We are honored to have received backing from such esteemed investors.
We will use the capital to expand our team and to build more new products and features in the coming months. Although we are proud of how much we have accomplished in the past year and a half, we still have a lot more to come. But, because we tend to get a kick out of numbers crunching, here are a few fun facts from our press release today:
- 40% of all U.S. homes have been searched on Zillow. Here in Seattle, 87% of homes in King County have been looked up at least once!
- More than 25,000 contributions are made to the site every day by the Zillow community — additions like Home Q&A, homes posted for sale, photos added of homes and neighborhoods, or homeowner edits to home facts.
- The Zillow community has asked or answered questions about individual homes 50,000+ times since this feature launched in April; since July you’ve contributed to Zillow Discussions more than 40,000 times.
- 6,000+ advertisers have bought an EZ Ad since we introduced our self-service ad platform five months ago.
Thanks to you — the Zillow community — for helping us get this far. We’re excited to show you what we have coming down the line.
- Stumble it!
- Categories: Zillow
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Ubertor Real Estate Blog » Blog Archive » $30 Million more for controversial website on September 20, 2007 7:28 am
[...] here and [...]
marin on September 20, 2007 8:34 am
Congratulations on the $30M traunch! Looks like a successful up-round in a fairly tight VC market.
Kelley on September 24, 2007 9:05 am
$87 million in 18 months is quite impressive.
Zillow — Reality Check on October 10, 2007 12:14 am
[...] in raising “zillions” of dollars in funding: They just recently finished their “series C” of funding raking in another 30 million USD which leaves them with a total of 87 million in funding [...]
2007 - It’s a wrap - Zillow® Blog - Real Estate News and Analysis on December 28, 2007 11:35 am
[...] are a few year-end fun facts. Zillow has grown significantly in the past year in terms of capital (an additional $30M raised bringing the total to $87M ), employees (from 135 people to 160), site traffic (up about 20% year-over-year), advertising [...]
Matt Goyer’s Real Estate Blog » Blog Archive » Traffic: Zillow (20%) vs. Trulia (300%) on January 15, 2008 2:38 pm
[...] are a few year-end fun facts. Zillow has grown significantly in the past year in terms of capital (an additional $30M raised bringing the total to $87M ), employees (from 135 people to 160), site traffic (up about 20% year-over-year), advertising [...]
What Real Estate Consumers REALLY Want « BlueRoof Blog- BlueRoof360- Real Estate, Realtor Websites on February 19, 2008 8:05 pm
[...] the idea that if they give more data and info, people will just buy homes online. Zillow just got another $30Million and Trulia has now received almost $18Million. And the business models of these [...]
Craig Davidenko on February 20, 2008 4:50 pm
I own FlatRateRealEstate.com- Venture capitol or a total buyout would be greatly welcomed.
Rich Cocovich on September 9, 2008 5:41 pm
I believe that the agreement between Zillow and the newspapers to form a huge advertising network will work tremendously in the long run. Especially with the new $30M in VC funding. This is exciting news. Need a project funded? Need financing for your business? We have been in business for 17 years. Visit Global Star Capital at http://www.globalstarcapital.com and send a correspondence to CEO Rich Cocovich.
Stacy on July 29, 2009 10:47 am
My boss, Paul Azous, has been calling these things from the beginning and once again is right on. They came to us three years ago seeking funding and weren’t so cool about it. But Paul loved them. Thanks.