Redfin Announces $50-million Investment Led by Tiger Global Management and T. Rowe Price

November 14, 2013 by Christin Camacho

Updated on October 5th, 2020

Today Redfin announced a mezzanine investment of $50 million led by Tiger Global Management LLC and by portfolios managed by T. Rowe Price Associates, Inc.

Previous Redfin investors Greylock Partners, Globespan Capital Partners, DFJ Venture Capital, Vulcan Capital and The Hillman Company are also participating. Redfin will use the capital on new technology to make every step of home-buying and selling better for consumers, from the open house to the tour to the offer, negotiation and escrow process.

For more information on the announcement, check out the press release. For Redfin CEO Glenn Kelman’s perspective, check out his recent post on LinkedIn.

Christin Camacho

Christin covers a variety of topics for Redfin Real-Time, ranging from “best places” lists, to Redfin client stories, to celebrity news and everything in-between. Her dream home would have an enormous walk-in closet, a home theater and a room dedicated to her cats. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our "Why Redfin?," page.

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