About PLACE
PLACE is a company based in Bellingham (United States) founded in 2019 by Ben Kinney and Chris Suarez. It operates as a SaaS (Software-as-a-Service) and Professional Services. PLACE has raised $100 million across 1 funding round from investors including 3L Capital and Goldman Sachs Investment Partners. The company has 925 employees as of July 17, 2023. PLACE has completed 1 acquisition, including Livian. PLACE offers products and services including Real Estate Technology Platform and Agent Support Services. PLACE operates in a competitive market with competitors including Redfin, Compass, Movoto, Vast.com and Houwzer, among others.
- Headquarter Bellingham, United States
- Employees 925 as on 17 Jul, 2023
- Founders Ben Kinney, Chris Suarez
- Stage Unicorn
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Sectors
Real Estate & Construction
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Phone
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$100 M (USD)
in 1 rounds
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Latest Funding Round
$100 M (USD), Series A
Nov 17, 2021
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Investors
3L Capital
& 1 more
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Employee Count
925
as on Jul 17, 2023
- Investments & Acquisitions
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Products & Services of PLACE
PLACE offers a comprehensive portfolio of products and services, including Real Estate Technology Platform and Agent Support Services.
A platform for real estate teams and agents.
Services to support agents in business growth.
People of PLACE
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Funding Insights of PLACE
PLACE has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Series A round of $100 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in PLACE
PLACE has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include 3L Capital and Goldman Sachs Investment Partners.
| Investor | Description | Founded Year | Domain | Location |
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Tech startups are invested in by 3L Capital venture firm.
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Investments are made in technology-based businesses by this VC firm.
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Investor details for PLACE
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Investments & Acquisitions by PLACE
PLACE has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Livian.
Investment portfolio details for PLACE
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Diversified real estate platform is provided for agents.
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Complete acquisition details for PLACE
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - PLACE
Detailed financials for PLACE
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- Profit trends
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Place Comparisons
Peer comparison for PLACE
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of PLACE
PLACE operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Redfin, Compass, Movoto, Vast.com and Houwzer, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Residential properties are listed and brokered through an online platform.
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Online brokerage for residential properties is facilitated via mobile apps.
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Residential properties are brokered online for buyers, sellers, and homeowners.
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AI-based decision-making tools for purchasing car and real estate properties
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Online brokerage for residential property transactions is provided.
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Detailed competitors of PLACE
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Latest news on Place
Complete news archive for PLACE
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Frequently Asked Questions about PLACE
PLACE was founded in 2019 and raised its 1st funding round 2 years after it was founded.
PLACE is headquartered in Bellingham, United States. It is registered at Bellingham, Washington, United States.
Richard Tracy is the current CEO of PLACE.
PLACE is a funded company, having raised a total of $100M across 1 funding round to date.
As of Jul 17, 2023, the latest employee count at PLACE is 925.
PLACE is established as an all-in-one real estate services and technology platform catering to top teams and agents across various brokerages. Operations are focused on simplifying the management of profitable real estate businesses. Coverage includes over 275 locations across the United States and Canada. Solutions are provided to enhance productivity, support career growth, and streamline home buying and selling processes. Partnerships with top agents in every market are maintained to ensure optimal outcomes for clients.
PLACE's top competitors include Redfin, Compass and Homelister.
PLACE offers Real Estate Technology Platform and Agent Support Services.
PLACE has made 1 acquisition, including Livian.
PLACE has 2 investors. Key investors include 3L Capital, and Goldman Sachs Investment Partners.
The valuation of PLACE is $1B as of Nov 2021.