So far, online real estate site Zillow has raised a total of $87 million. And the latest round came this week: Legg Mason led a financing round for $30 million. Other investors included Benchmark Capital and TCV.

In light of the subprime meltdown and falling housing prices, these investors certainly have lots of guts. Then again, venture capitalists look for mega returns – and this usually means being patient.

As the competition gets squeezed, Zillow will have the resources to expand its offerings as well as improve its brand.

And Zillow's site is getting lots of action. Last month, there were about 4.4 million unique visitors. Although, there is no indication about the revenue levels from Zillow.

Zillow has a massive database that helps provide a rough value of your home (called a Zestimate). But with the weakness in housing prices, it seems like it could be a depressing experience.

If you want to check out other venture capital fundings, click here.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements.