Redfin to Acquire RentPath, for $608M


Redfin (NASDAQ: RDFN), a Seattle, WA-based technology-powered real estate brokerage, is to acquire RentPath, the Atlanta. GA-based owner of,, and, for $608m.

The acquisition will bring together a site for buying a home with a site for renting a home, giving people trying to move a complete view of her options.

Dhiren Fonseca, CEO, RentPath simplifies the apartment search experience for millions of consumers, connecting property-management companies with qualified prospective renters. The RentPath network of websites reached 16 million monthly visitors on average in 2020, and recorded full year 2020 revenue of $194 million.

Led by CEO Glenn Kelman, Redfin provides a technology-powered real brokerage search site which uses a combination of local real estate agents and technology to buy or sell a home.

Redfin will increase RentPath’s reach, creating more rental opportunities for the rental properties promoted on RentPath sites.

Key Business Metrics

Employees (as of 12/31/20)~4,000~700
Avg Monthly Visitors*39 million16 million
Organic Visitors YoY Growth*23%26%
Total Revenue*$875 million$194 million