Wednesday, March 5, 2014

Auction.com Raises $50M From Google At $1.2 Billion Valuation

Irvine-based online real estate marketplace Auction.com announced this morning that it has raised $50M in a funding round from Google Capital. According to Auction.com, Google Capital will also add a representative to the company's board of directors, and also gain an observer seat. Auction.com said the investment values the company at $1.2 billion. Auctino.com, which was founded by Jeff Frieden, operates an online real estate marketplace focused on the commercial real estate market. The company says it now has over 900 employees, and had over $7 billion in commercial and residential real estate traded through its marketplace in 2013. More information »

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