Series B Financing
By: Spencer Rascoff, CFO & VP of Marketing | July 25, 2006
Zillow announced today that we raised a Series B round of financing — a $25 million round led by PAR Capital, and our two previous venture capital backers (Technology Crossover Ventures and Benchmark Capital). This makes the total amount of money raised to date $57 million, which will allow us to fund our ambitious plans.
We’re very excited to have PAR on board — we know them well from past experience, and they’re very smart investors. Their vote of confidence is gratifying.
This additional round of financing will allow us to continue adding staff, especially in the areas of technology and online advertising sales, and continue our focus on improving and broadening our product offerings.
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CribHits on July 25, 2006 9:04 am
What are some of these ambitious plans? How meny new tabs is Zillow going to grow? Is the 25 million just to pay the rent in downtown Seattle?
VC Ratings on July 25, 2006 9:06 am
VC Rating: Zillow
Company: Zillow Description: Online real estate services Competitors: Real Estate ABC, HouseValues.com Location: Seattle Amount Raised: $25 million Round: Second Date Announced: 7/25/06 VC Firms: PAR Capital, Benchmark Capital, Technology Crossover Ve…
Clifford Jacobson on July 25, 2006 1:41 pm
You Zillow guys are taking over the world, at least the Real Estate world. Google ads, Pictometry/MSN pictures, valuations on Yahoo!, loan offers through LendingTree (IAC with Ask.com), now big time B bucks. When will you replace the MLS with the MLZ? You’ve already got all the street addresses in your data base. Maybe our paranoia, or Zillonoia, is justified? Are you Zasquatch, charging out of the Northwest forests to eat our lunch? Or GodZillow, rising up from Puget Sound to eat up our ad budgets? How much is a Zillion bucks?