Zillow Raises Another $25 million

Monday, July 24th, 2006

J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

Seattle-based Zillow, which raised $32 million in funding in 2005 from Benchmark Capital and Technology Crossover Ventures, has raised another $25 million. This round of capital comes from a new investor, Boston-based Par Capital Mananement. No word on valuation. This comes on the heels of a recent (and massive) distribution deal with Yahoo.

Zillow, essentially a mashup of maps and historical real estate sales information, has now raised a whopping $57 million in capital. Other than supporting their 118 employees, it’s unclear what they plan to do with the money. John Cook has good information on Zillow’s recent stats, noting that in June the company had 2.1 million unique visitors, ranking 11th among real estate Web sites.

Note that Jobster, another Seattle startup, has also recently completed a large financing, bringing their total to nearly $50 million raised.

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