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- Side
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.
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
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2021 | Undisclosed stage | $2.5B | 83.3x |
| Mar 2021 | Series D | $1B | 25.0x |
| Jul 2019 | Series 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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2021 | $30M | $2.5B | 83.3x | Undisclosed stage |
| Mar 2021 | $40M | $1B | 25.0x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Undisclosed stage | Tiger Global (lead); Parker89; ICONIQ Capital; Scale-Up; D1 Capital Partners | $50M | $2.5B | Side 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 2021 | Series D | Coatue (lead); Matrix Partners; Sapphire Ventures; Trinity Ventures | $150M | $1B | Side 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 2019 | Series C | Sapphire Ventures (lead); Erik Ford | $35M | $150M | Side 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 2019 | Series B | Trinity 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 2017 | Series A | Matrix Partners (lead) | $8M | - | - |
| Jan 2017 | Seed | 8VC (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2017 | ||
| 2 | Participant | Jan 2017 | ||
| 2 | Lead | Jan 2017 | ||
| 2 | Lead | Jul 2019 | ||
| 2 | Participant | Jan 2017 | ||
| 2 | Lead | Mar 2019 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
This data is available for Pro users. Sign up to see all 19 Side investors. Start Free Trial | ||||
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Start Free TrialSide Competitors
Side competitors include listed companies like Real Brokerage and CoStar Group, and private ones like Loft, HomeLight, Housecall Pro and Linear.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.9B | - | ||
| Private | $300M | - | $1.7B | 5.7x | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $2B | ($6M) | $599M | 0.2x | ||
| Publicly listed | $3.2B | $183M | $12B | 3.3x | ||
| Private | $100M | - | $2.5B | 25.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $588M | 6.2x | 16.2x | 11.7x | 19.1x | |||
| $4.4B | ($1.1B) | 0.8x | 0.9x | (3.2x) | (52.8x) | |||
| $3.3B | $416M | 1.5x | 1.3x | 11.7x | 7.5x | |||
| $625M | $326M | 8.8x | 10.8x | 17.0x | 13.7x | |||
| $3.4B | $239M | 0.8x | 0.7x | 11.4x | 7.9x | |||
| $3.8B | $487M | 2.6x | 2.5x | 20.1x | 16.9x | |||
| $556M | $403M | 6.3x | 6.2x | 8.8x | 8.4x | |||
| $5.6B | $306M | 0.3x | 0.3x | 5.0x | 4.9x | |||
This data is available for Pro users. Sign up to see all Side competitors and their valuation data. Start Free Trial | ||||||||
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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