REDMOND, Wash. - HomeAdvisor Technology Inc. is expected to announce today that it has closed its first round of funding with more than $100 million from partners Chase Manhattan Mortgage and GMAC-RFC.
HomeAdvisor was formed in March of this year by Microsoft Corp., which still holds a majority interest in the online real estate and mortgage company. HomeAdvisor said the investment represents the largest single round of funding for a Web-based real estate or mortgage firm.