Durable Capital Partners to invest $110m in Redfin.

Durable Capital Partners, a venture capital firm based in Chevy Chase, Maryland, agreed to invest $110m in Redfin, a technology-powered real estate brokerage. "Durable's Henry Ellenbogen has been leading investments in Redfin since 2013, when we were a private company and the market was recovering from the great financial crisis. In chaotic times, he understands our long-term commitments to our culture and our technology, and why those commitments position us to take share in a housing market that is being transformed by this pandemic to be more virtual, convenient and efficient. We're proud to be his partner," Glenn Kelman, Redfin CEO.