ActiveRain soaks up $2.75M for real estate networking
ActiveRain is a Bellevue, Wash. company that provides real estate professionals with a space for social networking and self-promotion in the form of personalized web pages that are part of a larger business directory.
The site has been around for about two and a half years, but was thus far bootstrapped. Co-founders Matt Heaton and Jonathan Washburn report on the company blog that they will retain a majority share and control over the company.
HouseValues, another local company involved in the real estate market, provided the $2.75 million financing.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.