Active Rain Gets $2.75 Million in Funding
January 21, 2008 – 3:13 pmActive Rain, the popular social network for real estate professionals, received $2.75 million from realtor lead generator HouseValues.com.
HouseValues.com stock price (SOLD) is down 43.44% for the year. Zillow.com has taken a majority of the market share from HouseValues by offering home evaluations for free.
HouseValues.com has minority ownership in Activerain. HouseValues.com’s business is based on selling leads to agents and it seems HouseValues will have some influence on the board to use the network to sell leads to agents.
Is this a good move for ActiveRain?
One Response to “Active Rain Gets $2.75 Million in Funding”
My understanding is that they are not going to use the platform to sell leads to the agents but who knows things can change quickly.
By Upton MA Homes on Feb 25, 2008