Fenwick & West LLP advised Side on the deal.
Side, the only real estate technology company that exclusively partners with the very best agents, teams, and independent brokerages to transform them into leading boutique brands and businesses, announced a $150 million Series D funding round led by Coatue Management, a top global technology-focused investment firm. This latest round of financing establishes Side as one of the only real estate companies to achieve unicorn status. Founded in 2017, Side also celebrates becoming the fastest real estate company to reach the $1 billion valuation milestone, doing so in just four years. Side’s combined funding now totals over $200 million, which includes support from leading venture capital firms including Matrix Partners, Trinity Ventures, and Sapphire Ventures.
Side’s new funding round will support significant hiring to expand the platform and accelerate the company’s national expansion efforts beyond its three operating markets of California, Texas, and Florida. Top-producing agents, teams, and independent brokerages from around the country will now have the ability to partner with Side, and for the very first time in history, gain full ownership of their own boutique brand and business without having to operate as a brokerage. With Side’s expansion, the company will advance its mission of transforming the nation’s best real estate professionals, teams, and independent brokerages into brands that are recognized as the service leaders in their communities.
The Fenwick transaction team was led by corporate partner Michael Brown (Picture) and included associates Jordan Roberts, Ari Haber and Jared Leung.
Law Firms: Fenwick & West LLP;