Zillow: $25M second round
As I've mentioned before, I like Zillow. They are the Napster of real estate. Those of you contemplating related projects (and, ahem, you know who you are) pay close attention. In the UK, OnOneMap has some buzz, but it is a much different business. Zillow is much more than a cool mash-up.
They just got $25M in a second round. Silicon Beat has the story:
Like Jobster, Zillow is a Seattle Web 2.0 company that has some momentum, and is striking deals with big players. Zillow signed a deal with Yahoo last week, which made it the provider of home estimates for Yahoo Real Estate. It is non-exclusive, and leaves the door open for Zillow to cut a deal with Google, MSN or others -- though Zillow has been mum on that prospect.Here's Arrington's write-up.
The round was led by investment fund PAR Capital Management, which joined previous investors including Benchmark Capital and Technology Crossover Ventures (TCV). Zillow has raised $57 million to date -- very similar to the $50 million Jobster has raised. This is now getting into the realm of serious cash amounts. There are only a handful of Web 2.0 companies -- at most -- that have managed to raise so much.
Technorati Tags: 2.0. startups, vc, zillow
Tuesday, July 25, 2006