Redfin Acquisition, Valuation, Funding & Investors

Redfin was acquired by Rocket Companies for $2.4B in March 2025, a 2.3x multiple on $1B of revenue.

Redfin acquisition price

$2.4B

Acquired by Rocket Companies · Mar 2025

Redfin revenue at acquisition

$1B

Last twelve months · Mar 2025

Redfin revenue multiple at acquisition

2.3x

EV/Revenue · Mar 2025

Cumulative funding Redfin raised

$163M

across 3 funding rounds

Redfin Overview

About Redfin

Redfin is a Seattle-headquartered real estate brokerage that delivers online search tools, listing data, and agent services across more than 100 U.S. metropolitan areas. Launched in 2006, the Nasdaq-listed company integrates Multiple Listing Service data with neighborhood maps, school boundaries, and historical sales on its platform at redfin.com. Redfin agents collaborate with in-house engineers to develop features like 3D tours and refundable commissions, serving home buyers and sellers nationwide.


Founded

2004

HQ

United StatesSeattle, WA

Website

redfin.com

Status

Acquired

Customer focus

B2C

Revenue model

Commission

Revenue

$1B (Mar 2025)

Valuation

$500M (Nov 2014)

Redfin Acquisition

Redfin was acquired by Rocket Companies for $2.4B on 10 March 2025.

The acquisition price implies a 2.3x revenue multiple on $1B of revenue.

Before the acquisition Redfin had raised $163M across 3 funding rounds.

Redfin acquisition details
AcquirerDateTypePriceEV/Revenue
10 Mar 2025Strategic M&A$2.4B2.3x

Redfin Valuation

Redfin is currently valued at $500M, based on its undisclosed-stage round in November 2014.

The $42M round was led by Tiger Global.

Redfin valuation by funding round

Redfin valuation by funding round
DateStageValuation
Nov 2014Undisclosed stage$500M

Redfin Funding History

Redfin has raised a total of $163M across 3 funding rounds.

Redfin's first fundraising round was a $50M Series F in November 2013. The most recent completed round was a $71M Series G in December 2014.

Redfin funding rounds

Redfin funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2014Series GGlynn Capital Management (lead); Wellington Management (lead); Dragoneer; Brothers Brook; T. Rowe Price; Annox Capital; Tiger Global$71M--
Nov 2014Undisclosed stageTiger Global (lead)$42M$500MRedfin, an online real estate brokerage and search platform operating in 22 U.S. cities, differentiates itself by combining listings with its own brokers rather than lead generation. In November 2013, it raised $50 million in a late-stage growth round led by Tiger Global Management and T. Rowe Price Associates, with participation from existing investors including Greylock Partners, Draper Fisher Jurvetson, Vulcan Capital, Globespan Capital Partners, and The Hillman Company, bringing total funding to nearly $100 million. The round valued the company at approximately $500 million post-money. Funds were intended for technology development, marketing to boost consumer awareness (then 3-4% in Seattle), and market share expansion in active regions. Redfin highlighted key milestones at announcement: over 50% annual revenue growth, more than 100% increase in home-selling transactions, $175 million in customer savings on fees, and $13 billion in home sales. The investment positioned Redfin for potential 2014 IPO while extending its private runway, leveraging Tiger Global's experience in mature growth-stage companies. Tiger Global's involvement continued with a 9.5% stake in Zillow five months later, underscoring sector interest.
Nov 2013Series FT. Rowe Price (lead); Tiger Global (lead); Austin Ligon; Tuesday Capital; Annox Capital; Vulcan Capital; The Hillman Company; Greylock; Globespan Capital Partners; Madrona$50M-Redfin, a technology-powered residential real estate brokerage, announced a $50 million investment round on November 13, 2013, led by Tiger Global Management and T. Rowe Price, with participation from Annox Capital, Austin Ligon, Globespan Capital Partners, Greylock, Madrona, The Hillman Company, Tuesday Capital, and Vulcan Capital. Prior to this financing, Redfin had raised $45.7 million in venture capital. The company operates in 22 major U.S. markets, offering an award-winning website, mobile tools, and agents paid based on customer satisfaction rather than sales commissions, enabling refunds of up to half the buyer's agent fee and average savings of $10,000 for customers buying and selling with Redfin. Growth milestones highlighted at the time included annual revenue growth of more than 50%, an increase of more than 100% in home-selling transactions, over $175 million in customer savings on real estate fees, and more than $13 billion in home sales. Redfin expanded to five major markets in 2013, including Houston, Charlotte, and Miami. The on-demand service model differentiates Redfin by prioritizing customer advocacy, with agents advising clients to walk away from bad deals.

Who has invested in Redfin?

14 investors have backed Redfin across its funding rounds, including Tiger Global, T. Rowe Price, Annox Capital, Greylock, Madrona and Wellington Management.

Lead investors include Glynn Capital Management, Wellington Management, Tiger Global and T. Rowe Price.


Redfin Investors

Investors in Redfin by funding rounds participated
InvestorHQRoundsRoleFirst check
Tiger GlobalUnited StatesNew York City, NY3LeadNov 2013
T. Rowe PriceUnited StatesBaltimore, MD2LeadNov 2013
Annox CapitalUnited StatesUnited States2ParticipantNov 2013
DragoneerUnited StatesSan Francisco, CA1ParticipantDec 2014
Wellington ManagementUnited StatesBoston, MA1LeadDec 2014
Brothers BrookUnited StatesStamford, CT1ParticipantDec 2014
Austin LigonUnited StatesAustin, TX1ParticipantNov 2013
Tuesday CapitalUnited StatesSan Francisco, CA1ParticipantNov 2013
Vulcan CapitalUnited StatesSeattle, WA1ParticipantNov 2013
The Hillman CompanyUnited StatesKelayres, PA1ParticipantNov 2013
GreylockUnited StatesSan Francisco, CA1ParticipantNov 2013
Globespan Capital PartnersUnited StatesBoston, MA1ParticipantNov 2013

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Acquisitions by Redfin

Redfin has acquired 3 companies to date.

Last acquisition by Redfin was on January 12th 2022. Redfin acquired Bay Equity Home Loans for $138M.


Latest Acquisitions by Redfin

Bay Equity Home Loans
RentPath
Walk Score
Description
Bay Equity Home Loans is a Sausalito-headquartered retail mortgage lender licensed in 32 US states. Founded in 2007 in San Francisco, the company originates purchase, refinance, and FHA loans through branches in 23 states and operations centers in California, Colorado, Oregon, and Washington. Bay Equity processes over $2 billion in loans annually with digital application platforms.
RentPath is an Atlanta-based digital marketing provider for the rental housing sector, operating brands such as Apartments.com, Rent.com, and Lovely. The company delivers search tools, listing services, and lead generation for property managers nationwide through web and mobile platforms. RentPath supports over one million apartment listings and connects renters with properties via detailed filters for amenities, pets, and pricing in major U.S. markets.
Walk Score is a Seattle-headquartered provider of neighborhood walkability metrics founded in 2007 and acquired by Redfin in 2015. It generates scores based on proximity to amenities, public transit access, and bikeability across the United States, Canada, Australia, and New Zealand. The platform supplies interactive Neighborhood Maps alongside APIs for Walk Score, Public Transit, and Travel Time data to over 30,000 real estate websites, which collectively display 13 million scores daily. Industry analysts in real estate, public health, and finance rely on its datasets covering car sharing and other local characteristics. A CEOs for Cities study links each additional Walk Score point to property value increases of up to $3,000 in select metro areas.
HQ CountryUnited StatesUnited StatesUnited States
HQ City
San Francisco, CA
Atlanta, GA
Seattle, WA
Deal Date12 Jan 202219 Feb 202122 Oct 2014
Valuation$138M$608M-
EV/Revenue
EV/EBITDA

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Redfin Competitors

Redfin competitors include listed companies like Carmila, Opendoor, TAG Immobilien and Newmark Group, and private ones like Side and ZigBang.

Public and private companies comparable to Redfin
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CarmilaFranceFrancePublicly listed$626M$327M$2.4B10.8x
OpendoorUnited StatesUnited StatesPublicly listed$4.4B($1.1B)$2.5B0.9x
TAG ImmobilienGermanyGermanyPublicly listed$1.1B$589M$2.5B16.2x
SideUnited StatesSan Francisco, CAPrivate$30M-$2.5B83.3x
Newmark GroupUnited StatesUnited StatesPublicly listed$3.3B$416M$2.5B1.3x
ZigBangSouth KoreaSeoulPrivate$80M-$2B25.4x

Redfin Public Comps

Redfin is no longer listed, but its public comps include Carmila, Opendoor, TAG Immobilien, Savills, Newmark Group, Lumo, IWG, ALLOS, Onewo and Multiplan.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Carmila$626M$327M8.9x10.8x17.0x13.7x
Opendoor$4.4B($1.1B)0.8x0.9x(3.2x)(55.5x)
TAG Immobilien$1.1B$589M6.2x16.2x11.7x19.0x
Savills$3.4B$240M0.8x0.7x11.5x8.0x
Newmark Group$3.3B$416M1.5x1.3x11.6x7.5x
Lumo$524M$161M12.7x11.9x41.3x20.2x
IWG$3.8B$487M2.6x2.5x20.1x16.9x
ALLOS$556M$403M6.4x6.2x8.8x8.4x

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Common questions about Redfin

When was Redfin founded?Redfin was founded in 2004.
Where is Redfin headquartered?Redfin is headquartered in Seattle, WA, United States.
Is Redfin publicly listed?No, Redfin was acquired by Rocket Companies in March 2025.
Who acquired Redfin?Redfin was acquired by Rocket Companies in March 2025.
How much was Redfin acquired for?Redfin was acquired for $2.4B in March 2025, a 2.3x revenue multiple.
What is Redfin's valuation?Redfin was last valued at $500M in its undisclosed-stage round in November 2014.
How much funding has Redfin raised?Redfin has raised $163M across 3 funding rounds.
What was Redfin's last funding round?Redfin's last funding round was a $71M Series G in December 2014, led by Glynn Capital Management and Wellington Management.
Who are Redfin's investors?Redfin's investors include Tiger Global, T. Rowe Price, Annox Capital, Dragoneer, Wellington Management, Brothers Brook, Austin Ligon, Tuesday Capital, Vulcan Capital, The Hillman Company and 4 others.
Which companies are comparable to Redfin?Companies comparable to Redfin include Carmila, Opendoor, TAG Immobilien, Side, Newmark Group and ZigBang.
How many companies has Redfin acquired?Redfin has acquired 3 companies, including Bay Equity Home Loans, RentPath and Walk Score.
What was the largest acquisition by Redfin?The $608M acquisition of RentPath in February 2021 is the largest acquisition Redfin has made to date.

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