Real Estate Social Net ActiveRain Gets $2.75 Million First Round
Bellevue, WA-based ActiveRain, a social network for real estate professionals, has raised a $2.75 million first round from HouseValues, a publicly traded real estate info company. The site offers the usual social networking features, such as profiles and a blogging platform and it claims to have racked up 65,000 members since its June 2006 launch. In addition, ActiveRain runs Localism, a retail site that offers info organized by topic and region, and plans to launch its own blogging service aimed at real estate professionals. Announcement. (via Seattle PI)
Jan 21, 2008 7:06 PM ET
Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, activerain, housevalues
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Comments (1)
Jan 22, 2008 3:49 PM
It will be interesting to see how they use the money and to what degree their outside blogging platform provides long term value to the company.