We believe the future of real estate is boutique, agent-owned, and empowered by best-in-class technology. And we’re thrilled that some of the most impactful investors in the world agree with us.
On June 28, just three months after our Series D round, we announced an additional $50 million in fundraising that more than doubles Side’s valuation to $2.5 billion. We’re now backed by Coatue Management, Tiger Global Management, and D1 Capital Partners — the three top underwriters of technology initial public offerings.
This funding round wasn’t part of our original plan, but we couldn’t ignore investor interest. We are incredibly humbled to receive such high-caliber support and validation of our model.
This achievement is a testament to our phenomenal partners, whose hard work has affirmed Side’s position as the fastest-growing real estate company in history. It’s thanks to them that Side now represents $15 billion in annual production volume and is on track to be a top 10 brokerage by volume by year’s end. Congratulations to all our partners: It’s an honor and a privilege to be on this journey with you.
So, what’s next?
We are going to continue pursuing our mission: Empowering the very best agents in our current markets (California, Florida, and Texas) to own and grow their businesses. And we’re also gearing up for a national expansion so we can work with even more partners — we’re on target to enter 15 new states by the end of 2021.
We promised to reinvent the real estate industry, and we’re delivering on that promise at lightning speed. We can’t wait to see what the future holds.