How Much Did Zillow Raise? Funding & Key Investors

What Is Zillow?

Zillow, founded in 2006, is a prominent player in the real estate industry. Headquartered in Seattle, Washington, the company was established by Rich Barton and Lloyd Frink.

With over 5,000 employees, Zillow offers a comprehensive platform for buying, renting, and selling homes, as well as obtaining mortgages. The platform also provides tools and resources for real estate professionals and home seekers alike.

How Much Funding Has Zillow Raised?

1. Series A
   • Amount Raised: USD 32,000,000
   • Date: October 2005
   • Lead Investors: Benchmark, TCV
2. Series B
   • Amount Raised: USD 25,000,000
   • Date: July 2006
   • Lead Investors: PAR Capital Management
3. Series C
   • Amount Raised: USD 30,000,000
   • Date: September 2007
   • Lead Investors: Legg Mason
4. Post-IPO Equity
   • Amount Raised: USD 5,499,980
   • Date: August 2011
5. Post-IPO Equity
   • Amount Raised: USD 4,128,000
   • Date: December 2012
6. Post-IPO Equity
   • Date: April 2014
7. Post-IPO Equity
   • Date: August 2016
8. Convertible Senior Notes (2.00%, due 2021)
   • Amount Raised: USD 460,000,000 (aggregate principal amount, including the USD 60.0 million over-allotment option; net proceeds approximately USD 447.8 million)
   • Date: December 2016
   • Lead Investors: Not publicly disclosed
9. Post-IPO Equity (Class C public offering)
   • Amount Raised: USD 360,300,000 (net proceeds; 6,557,017 Class C shares at USD 57.00)
   • Date: July 2018
   • Lead Investors: Not publicly disclosed
10. Convertible Senior Notes (1.50%, due 2023)
    • Amount Raised: USD 373,800,000 (aggregate principal amount, including USD 48.8 million from the underwriters' option; net proceeds approximately USD 364.0 million)
    • Date: July 2018
    • Lead Investors: Not publicly disclosed
11. Convertible Senior Notes (0.75%, due 2024)
    • Amount Raised: USD 600,000,000 (aggregate principal amount; net proceeds approximately USD 592.2 million)
    • Date: September 2019
    • Lead Investors: Not publicly disclosed
12. Convertible Senior Notes (due 2026)
    • Amount Raised: USD 500,000,000 (aggregate principal amount; net proceeds approximately USD 493.5 million)
    • Date: September 2019
    • Lead Investors: Not publicly disclosed
13. Convertible Senior Notes (0.75%, due 2024; additional notes)
    • Amount Raised: USD 73,000,000 (aggregate principal amount; net proceeds approximately USD 72.0 million)
    • Date: October 2019
    • Lead Investors: Not publicly disclosed
14. Convertible Senior Notes (2.75%, due 2025)
    • Amount Raised: USD 500,000,000 (aggregate principal amount)
    • Date: May 2020
    • Lead Investors: Not publicly disclosed
15. Post-IPO Equity (Class C public offering)
    • Amount Raised: USD 411,500,000 (net proceeds; 8,800,000 Class C shares at USD 48.00)
    • Date: May 2020
    • Lead Investors: Not publicly disclosed
16. Convertible Senior Notes (2.75%, due 2025; additional notes)
    • Amount Raised: USD 65,000,000 (aggregate principal amount; net proceeds of the 2025 Notes in total approximately USD 553.3 million)
    • Date: May 2020
    • Lead Investors: Not publicly disclosed

In total, Zillow has raised USD 3,440,227,980. Notes rows are principal amounts; the 2018 and 2020 stock offerings are net proceeds. Two live rows have no amount.

Key Investors

• Benchmark
  • Details: Benchmark is a venture capital firm based in Silicon Valley. It is known for its early-stage investments in technology companies.
  • Investment Focus Areas: Technology, software, internet services
  • Notable Investments: Uber, Twitter, eBay
• TCV
  • Details: Technology Crossover Ventures (TCV) is a private equity and venture capital firm. It specializes in growth-stage investments in technology companies.
  • Investment Focus Areas: Software, internet, financial technology
  • Notable Investments: Netflix, Facebook, Spotify
• PAR Capital Management
  • Details: PAR Capital Management is a Boston-based investment firm. It primarily focuses on public equity markets.
  • Investment Focus Areas: Public equities, technology, media
  • Notable Investments: Expedia, United Airlines, Liberty Media
• Legg Mason
  • Details: Legg Mason is a global asset management firm headquartered in Baltimore, Maryland. It offers investment management services across various asset classes.
  • Investment Focus Areas: Equities, fixed income, alternative investments
  • Notable Investments: Western Asset Management, ClearBridge Investments, Royce & Associates

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