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Despite declining investor interest in dot-com businesses, Bellevue-based HouseValues.com - an online tool for residential real estate agents - recently closed on $2 million in a second round of funding.
The latest round of financing was led by Seattle-based Second Avenue Partners, and included investments from Poseidon Ventures and Vault Capital, also of Seattle, as well as several local angel investors. HouseValues.com hopes to bring in another $1 million in the near future.
The company plans to use the money to expand its service into the New York, Philadelphia and San Francisco metropolitan markets in the next three months, and an additional 17 cities by the end of the year.
HouseValues.com originally launched a year ago in Seattle, Portland and Phoenix, and now serves a total of 11 cities, including Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Tampa and Washington, D.C.
The company uses radio and television ads to attract prospective home sellers to its Web site. Homeowners then type in information...