Zillow announced today that we raised a Series B round of financing — a $25 million round led by PAR Capital, and our two previous venture capital backers (Technology Crossover Ventures and Benchmark Capital). This makes the total amount of money raised to date $57 million, which will allow us to fund our ambitious plans.
We’re very excited to have PAR on board — we know them well from past experience, and they’re very smart investors. Their vote of confidence is gratifying.
This additional round of financing will allow us to continue adding staff, especially in the areas of technology and online advertising sales, and continue our focus on improving and broadening our product offerings.