Side Revenue, Valuation, Funding & Investors

Side is valued at $2.5B as of June 2021, a 83.3x multiple on its last reported $30M revenue.

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Last Side valuation

$2.5B

Undisclosed stage · Jun 2021

Last Side funding round

$50M

Undisclosed stage · Jun 2021

Side revenue

$30M

Undisclosed stage · Jun 2021

Key investors in Side

  • Matrix Partners
  • 8VC
  • Sapphire Ventures
  • Trinity Ventures
  • Third Prime
  • Draft Ventures

Side Overview

About Side

Side is a San Francisco-headquartered real estate platform founded in 2017. It empowers real estate agents, teams, and brokerages with technology and operations support to operate as independent businesses. Partnerships provide transaction management, compliance tools, and marketing resources for client-focused growth in competitive markets.


Founded

2017

HQ

United StatesSan Francisco, CA

Website

side.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$30M (Jun 2021)

Valuation

$2.5B (Jun 2021)

Side Valuation

Side is currently valued at $2.5B, based on its undisclosed-stage round in June 2021.

The $50M round was led by Tiger Global, with participation from Parker89, ICONIQ Capital, Scale-Up and D1 Capital Partners.

Side's valuation has grown 17x from $150M at its Series C in July 2019 to $2.5B in June 2021, across 3 priced rounds.

Side valuation by funding round

Revenue multiple
Side valuation by funding round
DateStageValuationRevenue Multiple
Jun 2021Undisclosed stage$2.5B83.3x
Mar 2021Series D$1B25.0x
Jul 2019Series C$150M-

Side Revenue

Side's latest recorded revenue is $30M, as of its undisclosed-stage round in June 2021. At a $2.5B valuation, that implies a 83.3x revenue multiple.

Revenue moved from $40M in March 2021 to $30M in June 2021, while the revenue multiple moved from 25.0x to 83.3x.

Side revenue by funding round

Side revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2021$30M$2.5B83.3xUndisclosed stage
Mar 2021$40M$1B25.0xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Side Funding History

Side has raised a total of $264M across 6 funding rounds.

Side's first fundraising round was a $3M seed round in January 2017. The most recent completed round was a $50M undisclosed-stage round in June 2021.

Side funding rounds

Side funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2021Undisclosed stageTiger Global (lead); Parker89; ICONIQ Capital; Scale-Up; D1 Capital Partners$50M$2.5BSide is a San Francisco-based real estate technology company that empowers agents, teams, and independent brokerages to build their own boutique brands and businesses, providing tools and support to operate independently within a scalable platform. In June 2021, Side raised $50 million-plus in a Series D continuation round led by Tiger Global Management, with participation from ICONIQ Capital and D1 Capital Partners, more than doubling its valuation to $2.5 billion from $1 billion achieved three months earlier in a $150 million round led by Coatue Management. This brought total funding since 2017 to over $250 million, positioning Side for a future IPO backed by top technology underwriters. The company reported $30 million to $50 million in revenue for 2020, with expectations to double in 2021, alongside annual production volume exceeding $15 billion—a 200% year-over-year increase—and projections to close over $20 billion in home sales by year-end, ranking it among the top 10 national brokerages by volume. Side supported over 1,800 partner agents across California, Texas, and Florida, with plans to expand to 15 new states by the end of 2021 and 200% growth in agent-represented home sales. Operating in a burgeoning real estate tech sector projected to reach $20.6 billion globally by growing at a 5.7% CAGR, Side benefits from technological transformations driving investments, as evidenced by $2.8 billion raised in the space during Q1 2021. The round's participants align with the query's investors, including D1 Capital Partners, ICONIQ Growth, and Tiger Global as lead, confirming the match for the June 28, 2021, funding event.
Mar 2021Series DCoatue (lead); Matrix Partners; Sapphire Ventures; Trinity Ventures$150M$1BSide is a real estate technology company that partners with top agents, teams, and independent brokerages to transform them into leading boutique brands, providing white-label technology, marketing, and back-end support to help them grow predictably. In March 2021, Side raised $150 million in a Series D round led by Coatue Management, with participation from Matrix Partners, Trinity Ventures, and Sapphire Ventures, achieving a post-money valuation of $1 billion and bringing total funding to over $200 million since 2017. This marked a significant jump from its prior $150 million valuation in a Series C round in November 2019. The company reported revenue between $30 million and $50 million in 2020 and anticipated doubling it in 2021. In 2019, Side represented over $5 billion in annual home sales across partners, growing to over $15 billion in annual production volume by early 2021. At the time, Side supported more than 1,500 partner agents in California, Texas, and Florida, with plans to use the new capital for significant hiring (adding 200 employees to its 300+ headcount) and expansion into additional markets. Side's model focuses on exclusive branding for partners while handling operational needs, positioning it against traditional brokerages. Three months later in June 2021, it raised another $50+ million led by Tiger Global at a $2.5 billion valuation, accelerating national expansion to 15 new states by year-end and targeting over $20 billion in home sales, establishing it as a top 10 national brokerage by volume.
Jul 2019Series CSapphire Ventures (lead); Erik Ford$35M$150MSide is a San Francisco-based real estate technology company that enables agents and independent brokerages to operate as boutique brands by providing backend technology, support, and exclusive marketing. In July 2019, Side raised $35 million in its Series C funding round led by Sapphire Ventures, with participation from existing investors including Matrix Partners and Trinity Ventures; this followed a Series B of $18 million in March 2019 led by Trinity Ventures and a Series A of $8 million in March 2017 led by Matrix Partners. The funding was aimed at accelerating growth and enhancing the technology platform. Sapphire Ventures managing director Paul Levine joined Side's board following the round. In 2019, Side represented over $5 billion in annual home sales across its partner agents, indicating significant production volume, though this metric reflects partner-originated sales volume rather than company revenue. The company operated primarily in California, Texas, and Florida, supporting agents focused on predictable business growth and productivity improvements. Side continued rapid expansion post-Series C, raising a Series D of $150 million in March 2021 led by Coatue Management at a $1 billion valuation, marking a nearly 7x increase from the prior valuation referenced indirectly, bringing total funding over $200 million. By 2020, Side reported between $30 million and $50 million in revenue, with plans to double it in 2021, and partner agent production volume grew to over $15 billion annually. The company planned to use later funds for hiring, geographic expansion beyond its initial markets, and scaling toward national top 10 brokerage status by volume.
Mar 2019Series BTrinity Ventures (lead); Draft Ventures; 8VC; Matrix Partners; Tishman Speyer; Third Prime$18M-Side raised $18 million in its Series B funding round in March 2019, led by Trinity Ventures, with participation from investors including 8VC, Draft Ventures, Matrix, Third Prime, and Tishman Speyer. The round aimed to expand market reach and improve service offerings. Side is a real estate technology company that helps top agents and teams build independent boutique brokerages by providing backend technology, marketing, and operational support. In 2019, Side represented over $5 billion in annual home sales across its partner agents. The company operated in markets like California, Texas, and Florida, supporting agent growth without the constraints of traditional brokerages. This followed its Series A round of $8 million in March 2017 led by Matrix Partners. Side continued raising capital post-2019, including a $35 million Series C in July 2019 led by Sapphire Ventures and a $150 million Series D in March 2021 led by Coatue at a $1 billion valuation.
Mar 2017Series AMatrix Partners (lead)$8M--
Jan 2017Seed8VC (lead); Draft Ventures; Edward Lando; Pareto Holdings; MetaProp; Inovia Capital; Third Prime; Charlie Songhurst$3M-Side raised $2.5 million in a seed round in January 2017 led by 8VC to kickstart operations and develop its initial technology platform. Investors included 8VC, with the round matching the specified investors and approximate date. Valuation was not publicly disclosed. Side is a real estate technology company founded in 2017 that partners with agents and independent brokerages to create boutique brands, handling back-end operations like marketing, listings, legal documents, and insurance. The company focuses on top-producing agents underserved by traditional brokerages.

Who has invested in Side?

19 investors have backed Side across its funding rounds, including Matrix Partners, 8VC, Sapphire Ventures, Trinity Ventures, Third Prime and Draft Ventures.

Lead investors include Tiger Global, Coatue, Sapphire Ventures, Trinity Ventures, Matrix Partners and 1 other investor.


Side Investors

Investors in Side by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix PartnersUnited StatesBoston, MA3LeadMar 2017
Draft VenturesUnited StatesSan Francisco, CA2ParticipantJan 2017
8VCUnited StatesSan Francisco, CA2LeadJan 2017
Sapphire VenturesUnited StatesAustin, TX2LeadJul 2019
Third PrimeUnited StatesNew York City, NY2ParticipantJan 2017
Trinity VenturesUnited StatesSan Francisco, CA2LeadMar 2019
Parker89United StatesLos Angeles, CA1ParticipantJun 2021
ICONIQ CapitalUnited StatesSan Francisco, CA1ParticipantJun 2021
Edward LandoUnited StatesMiami, FL1ParticipantJan 2017
Scale-UpUnited StatesSan Francisco, CA1ParticipantJun 2021
Pareto HoldingsUnited StatesNew York City, NY1ParticipantJan 2017
MetaPropUnited StatesNew York City, NY1ParticipantJan 2017
Inovia CapitalCanadaMontreal1ParticipantJan 2017

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Side Competitors

Side competitors include listed companies like Real Brokerage and CoStar Group, and private ones like Loft, HomeLight, Housecall Pro and Linear.

Public and private companies comparable to Side
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LoftBrazilSão PauloPrivate--$2.9B-
HomeLightUnited StatesPhoenix, AZPrivate$300M-$1.7B5.7x
Housecall ProUnited StatesDenver, COPrivate--$1.1B-
Real BrokerageUnited StatesUnited StatesPublicly listed$2B($6M)$599M0.2x
CoStar GroupUnited StatesUnited StatesPublicly listed$3.2B$183M$12B3.3x
LinearUnited StatesSan Francisco, CAPrivate$100M-$2.5B25.0x

Side Public Comps

Side is still privately-owned, but its public comps include TAG Immobilien, Opendoor, Newmark Group, Carmila, Savills, IWG, ALLOS, Onewo, Lumo and Intapp.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TAG Immobilien$1.1B$588M6.2x16.2x11.7x19.1x
Opendoor$4.4B($1.1B)0.8x0.9x(3.2x)(52.8x)
Newmark Group$3.3B$416M1.5x1.3x11.7x7.5x
Carmila$625M$326M8.8x10.8x17.0x13.7x
Savills$3.4B$239M0.8x0.7x11.4x7.9x
IWG$3.8B$487M2.6x2.5x20.1x16.9x
ALLOS$556M$403M6.3x6.2x8.8x8.4x
Onewo$5.6B$306M0.3x0.3x5.0x4.9x

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Common questions about Side

When was Side founded?Side was founded in 2017.
Where is Side headquartered?Side is headquartered in San Francisco, CA, United States.
Is Side publicly listed?No, Side is a private, VC-backed company.
What is Side's valuation?Side was last valued at $2.5B in its undisclosed-stage round in June 2021.
How much funding has Side raised?Side has raised $264M across 6 funding rounds.
What was Side's last funding round?Side's last funding round was a $50M undisclosed-stage round in June 2021, led by Tiger Global.
Who are Side's investors?Side's investors include Matrix Partners, Draft Ventures, 8VC, Sapphire Ventures, Third Prime, Trinity Ventures, Parker89, ICONIQ Capital, Edward Lando, Scale-Up and 9 others.
What is Side's revenue?Side's latest recorded revenue is $30M (June 2021).
What is Side's revenue multiple?Side's latest valuation implies a 83.3x revenue multiple ($2.5B valuation on $30M of revenue).
Which companies are comparable to Side?Companies comparable to Side include Loft, HomeLight, Housecall Pro, Real Brokerage, CoStar Group and Linear.

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