No Real Estate Slump for Zillow: $30 Million More!
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So far, online real estate site Zillow has raised a total of $87 million. And the latest round came this week: Legg Mason led a financing round for $30 million. Other investors included Benchmark Capital and TCV.
Last month, there were about 4.4 million unique visitors. Although, there is no indication about the revenue levels from Zillow.
In addition to Zillow’s traffic growth, the company has seen rapid use and engagement in its community features.
— In the past year, more than one million U.S. homeowners and agents have
“claimed” homes on the site, with most adding additional data such as
updated home facts or remodel information.
— More than 50,000 questions and answers have been asked about homes
since April 2007, and Zillow Discussions has seen more than
40,000 contributions since the feature launched in July.
— Currently 286,000 user-contributed listings are on the site, including
homes for sale by agent, owner and Make Me Move.
— Zillow’s self-service local ad product, Zillow EZ Ads, now has more
than 6,000 individual advertisers.
Zillow employs 155 employees and is headquartered in Seattle, with additional ad sales offices in New York, Chicago, San Francisco, Los Angeles, and San Diego. For more information and commentary from the Zillow team, or to ask a question about the new features, visit the Zillow Blog at http://www.zillowblog.com.