Fenwick & West LLP represented Redfin, a customer-first real estate brokerage that represents people buying and selling homes, in its $70.9 million financing. The new round was led by large institutional investors including Wellington Management Company, LLP and Glynn Capital Management, LLC. Other key investors include Brothers Brook, LLC, Annox Capital Management, T. Rowe Price Associates, Inc. and Tiger Global Management.
The new funding will support continued expansion to offer Redfin’s unique blend of full-service real estate and technology to millions of consumers. The money will also fuel Redfin’s ongoing development of new technology. More information about Redfin’s $70.9M financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner Alan Smith and corporate associates Andrew Albertson, Esther Chan and Ashley Walter.