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Zillow Lands Another $25M in VC Funding

John Cook:

he financing – led by Boston-based Par Capital Management and including funds from Benchmark Capital and Technology Crossover Ventures – comes just nine months after Zillow raised $26 million. And it brings total financing in the 19-month-old company to $57 million, making it one of the most heavily-funded consumer-Internet startups to emerge in the past two years. Asked why the provider of online home valuations needed more money, Chief Financial Officer Spencer Rascoff simply said, "We have big ambitions."

How big?

Rascoff readily admits that the company, which offers valuations on about 67 million homes, wants to create the most popular real estate Web site.

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