Auction.com, an online marketplace where users can sell and buy real estate in an auction setting, has raised a significant sum of capital for its future growth.
Google Capital and Auction.com announced on Wednesday that the search company's growth-equity firm has dropped $50 million in the real estate marketplace on a valuation of $1.2 billion. A Google Capital representative will also join Auction.com's board.
Irvine, Calif.-based Auction.com handles "tens of thousands of transactions" in both commercial and residential real estate every year. The company's online platform launched in 2008, … Read more