Real estate agency Purplebricks scores $177 million ahead of NYC move

Real estate agency Purplebricks Group has secured a growth equity investment of $177 million from Axel Springer SE, Europe’s leading digital publisher. The British company, which recently announced plans to expand to New York, expects the proceeds to bolster growth in other target markets and advance its tech. A large portion of the capital, some $71 million, will be used to fuel Purplebricks’ growth in the U.S. So far, Purplebricks set up shop in California, namely Los Angeles, Fresno, Sacramento…

from Real Estate Top Stories on DNAinfo - Monday, March 26, 2018 | 1:44pm & Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com https://ift.tt/2G96b2R
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