Redfin Raises $1.8 Billion to Power the Future of Real Estate

Redfin is thrilled to announce a groundbreaking milestone in its journey toward revolutionizing the real estate landscape: the company has raised $1.8 billion in new funding. As a technology-powered real estate company, Redfin is at the forefront of transforming how people search for, buy, sell, and rent homes. With a comprehensive suite of services that includes brokerage, rentals, lending, title insurance, and renovation services, Redfin truly embodies the spirit of “Join the future of real estate!” This fresh infusion of capital is set to accelerate our mission by enabling further innovation in our digital platforms and streamlining our client experience across the board. This significant investment will fuel the development of advanced tools that empower our customers to explore properties with on-demand tours, secure quick closings through our integrated lending and title services, and maximize the value of their homes with our expert renovations team. By strengthening our technology backbone and expanding our service offerings, we look forward to enhancing the seamless, cost-effective experience that has already saved our clients over $1.6 billion in commissions since our inception in 2006. Operating across more than 100 markets in the U.S. and Canada with over 4,000 dedicated employees, Redfin continues to set the standard in real estate innovation. In addition to our core operations, our subsidiaries and affiliated brands, including Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward®, and WalkScore®, will benefit from this strategic capital raise. This funding marks a pivotal moment not only for our company but also for the millions of homeowners, buyers, and renters who rely on us to simplify the home-finding process while delivering unparalleled value and efficiency.