Redfin Stock
Online real estate brokerage, exp $200M 2016 rev
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About Redfin Stock
Redfin is a technology-powered real estate brokerage that represents people buying and selling homes. Founded and run by technologists, Redfin has a team of real estate agents who earn a salary and customer-satisfaction bonuses, not commissions. Redfin.com features all of the broker-listed homes for sale, as well as for-sale-by-owner properties. Redfin real estate agents work with the company's team of engineers to create tools that make the buying and selling process easier. As of May 2015, the company serves 67 major markets across the U.S. and has closed more than $13 billion in home sales. The service launched in February 2006.
On their site, Redfin combines MLS listing information with historical data into a single map. You can search for homes by neighborhood, city, zip code, MLS number or school zone, and you can refine results using detailed parameters like price and number of beds or baths.Â
Investors
T. Rowe Price
One97, Flipkart, WeWork, Cruise, Airbnb, Rivian, Magic Leap, Nuro, Caris Life Sciences, Vroom
Tiger Global Management
Flipkart, Delhivery, BharatPe, Databricks, Ather Energy, Grab, Chime, Ola, Relativity Space, Quikr
Draper Fisher Jurvetson
Avant, Theranos, Coinbase, Twitter, Box, Good Technology, DataStax, Twilio, Alert Logic, TangoMe
Greylock Partners
AppDynamics, Airbnb, Nuro, Dropbox, Pure Storage, Cloudera, Convoy, Blend, Rubrik, Domo
Glynn Capital Management
Palantir Technologies, Compass, Dropbox, MessageBird, DataRobot, Bolt Financial, Gusto, Sysdig, Postmates, Domo
Funding History
February 2005 | $500K |
---|---|
May 2006 | $8.0M |
June 2007 | $12.0M |
November 2009 | $10.3M |
October 2011 | $14.9M |
April 2013 | $50.5M |
December 2014 | $71.0M |
July 2017 | $138M |
Management
CEO
Glenn Kelman
CFO
Chris Nielsen
CTO
Sasha Aickin
Board Member (Greylock Partners)
James Slavet
Press
GeekWire - May, 31 2017
Redfin takes #1 spot in GeekWire 200, topping DocuSign for first timeBusiness Wire (press release) - May, 12 2017
Redfin Announces 1% Listing Fee Trial in San DiegoMarketplace.org - May, 11 2017
Redfin CEO: To survive, keep thinking like a startupMortgage Professional America - Apr, 27 2017
Redfin sees drop in housing demand