Side, a real estate technology company, has announced the company has raised an additional $50+ million, more than doubling its valuation to $2.5 billion just three months after being valued at $1 billion.
The round was led by Tiger Global Management, with participation from ICONIQ Capital and D1 Capital Partners.
Total combined funding for Side now amounts to well over $250 million with Matrix Partners, Sapphire Ventures, Trinity Ventures, and 8VC leading earlier rounds.
“Today’s financing signifies confidence in our vision to reinvent the traditional brokerage model by partnering with the very best real estate agents to create boutique brands that are the service leaders in their market,” said Guy Gal, Side co-founder and chief executive officer. “We are excited to partner with more agents across the country, increase investment in our existing agent partnerships, and further support more top real estate professionals in serving buyers, sellers, and renters better than anyone else from coast to coast.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.