The San Francisco-based startup now says it’s worth $2.5 billion — way up from $1 billion just three months ago.

Just three months after achieving unicorn status, real estate technology startup Side revealed Monday it has more than doubled its most recent valuation and that it’s getting ready to go public.

The company’s soaring fortunes are tied to an announcement that it has raised more than $50 million in additional funding. The new funding follows a $150 million Series D round, which was revealed in March and which valued Side at $1 billion — a highly sought after benchmark for tech startups that’s colloquially referred to as becoming a “unicorn.”

However, the new fundraising values Side at $2.5 billion, representing a shocking jump given that it took place in only three months. A company statement notes that investment firms Tiger Global Management, ICONIQ Capital and D1 Capital all participated in the latest funding round.

The statement adds that the new cash infusion “reaffirms Side’s position as the leading brokerage platform and the fastest growing real estate company in history.” And in total, the company says that it has raised “well over $250 million” across all of its funding rounds.

Side is also now preparing to sell shares to the public. The statement offers little information about when or how an initial public offering  (IPO) might take place. However, it does mention that the new funding “will accelerate Side’s growth for its best-in-class technology brokerage platform, while setting the stage for a future IPO.”

If Side does begin selling shares soon, it’ll join a class of other buzzy, well-funded real estate startups that have also debuted on the stock market. Some of the highest profile examples include iBuyer Opendoor, which went public in December, and brokerage Compass, which debuted in April. Both of those firms had significant venture backing, including from Japanese megafund Softbank.

Guy Gal | Photo credit: Side

In Side’s case, CEO Guy Gal founded the San Francisco-based company four and a half years ago. Side offers agents a kind of ready-made brokerage, handling various back office tasks while still allowing agents to own and brand their companies. In the statement, the company added that it “partners with the best agents” and empowers them “with proprietary technology and a premier support team.”

Today, Side only operates in California, Texas and Florida. However, the statement notes that the firm is poised to enter 15 new states by the end of this year and that it should close $20 billion in home sales in 2021.

Gal, in Monday’s statement, noted that his company’s latest fundraising “signifies confidence in our vision to reinvent the traditional brokerage model.”

“We are excited to partner with more agents across the country,” Gal added, “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.”

Email Jim Dalrymple II

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription