STAMFORD, CT -- BEV Capital (BEV) recently completed an investment in Redfin, an online real estate broker.
Redfin is the real estate industry's first online brokerage where consumers can find, buy and sell homes online. Redfin offers a data-rich, map-based website through which buyers locate interesting homes. Buyers then visit these homes on their own, and make offers and close the purchase with assistance from Redfin's highly trained local agents. Redfin rebates 2/3 of its commission back to the home buyer, saving the buyer $10,000 on average. For home sellers, Redfin charges a flat fee of $2,000 to list a home for sale in the MLS and on Redfin.com, and to help the seller market the listing and close the sale. Redfin has already helped home buyers and sellers close tens of millions of dollars in transactions in Washington and California.
BEV participated in the most recent fundraising alongside The Madrona Venture Group and Vulcan Capital.
Back to more announcements