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Redfin Raises $71 Million in Funding Led by Wellington, Glynn

Redfin Corp., an online real-estate brokerage, raised $70.9 million in a financing round led by institutional investors Wellington Management Co. and Glynn Capital Management.

The investment brings Redfin’s total funding to about $167 million, according to a statement from the Seattle-based company. Redfin didn’t disclose a valuation, which was less than $500 million in 2011.