Side raises $60m to fuel growth of real estate agent partnerships

The firm partners with high-performing agents and teams

Side raises $60m to fuel growth of real estate agent partnerships

Real estate brokerage Side has received some heavyweight financial backing to help expand its partnerships with high-performing agents and teams.

The firm has raised a total of more than $60 million including a $35 million Series C round led by Paul Levine, managing director of Sapphire Ventures and former president and COO of Trulia ahead of their acquisition by Zillow.

“Side partners with top-producing real estate agents and teams in each market, and provides a valuable mix of technology, support, and an economic model that helps entrepreneurial agents grow,” said Levine, who is joining the Side board.

Side’s model enables agents to concentrate on their high-performing work while its technology offering provides the back office platform they need to support their business.

“By bringing the best agents in each market together and empowering them with a game plan, support team, and a one-of-a-kind technology platform that delivers a premium service, they’re able to provide the best experience and results to more buyers and sellers,” said Side CEO and Co-founder, Guy Gal.

The firm calculates that its platform saves agents an average of 62 days of time per year, and these agents see a 45% year-over-year growth rate.