According to the Wall Street Journal Zillow will announce today that they have raised an additional $30 million of outside capital from various institutional investors and asset management firms (Legg Mason Capital Management, Benchmark Capital, Technology Crossover Ventures and PAR Capital Management Inc.).
Zillow will use the new cash to continue improving its Web site and augment its advertising sales force. The company, which offers estimates of home values called “Zestimates,” has 155 employees, including 20 national ad sales representatives. It also now lets people post homes for sale on the site and ask questions about specific properties.
The continued investment into online technology strengthens the position and gives the nod of approval to top real estate brands in Boston, such as Boston Condo Guy, who are making strides to provide visitors with the latest technology available to search the Boston real estate market.
Keith Munsell 
