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The company raised $50 million of Series C venture funding in a deal led by Passport Capital on January 18, 2018, putting the company's pre-money valuation at $250 million. Canaan Partners, Industry Ventures, Allen and Company, Matrix Partners, Quantum Partners, Tenaya Capital and Western Technology Investment also participated in the round. The funds will be used to grow the company's property inventory to include smaller apartment buildings and single-family homes and to double their headcount in 2018.
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