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…

Source: http://feeds.bizjournals.com/industry_21

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