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)
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.