Zillow announced today that we raised a new round of venture capital. Our Series C financing is a $30 million round led by Legg Mason Capital Management, and all three previous institutional investors are also participating — Benchmark Capital, Technology Crossover Ventures and PAR Capital. We are honored to have received backing from such esteemed investors.
We will use the capital to expand our team and to build more new products and features in the coming months. Although we are proud of how much we have accomplished in the past year and a half, we still have a lot more to come. But, because we tend to get a kick out of numbers crunching, here are a few fun facts from our press release today:
- 40% of all U.S. homes have been searched on Zillow. Here in Seattle, 87% of homes in King County have been looked up at least once!
- More than 25,000 contributions are made to the site every day by the Zillow community — additions like Home Q&A, homes posted for sale, photos added of homes and neighborhoods, or homeowner edits to home facts.
- The Zillow community has asked or answered questions about individual homes 50,000+ times since this feature launched in April; since July you’ve contributed to Zillow Discussions more than 40,000 times.
- 6,000+ advertisers have bought an EZ Ad since we introduced our self-service ad platform five months ago.
Thanks to you — the Zillow community — for helping us get this far. We’re excited to show you what we have coming down the line.