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
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for real estate teams and agents.
Services to support agents in business growth.
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $100.0M
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First Round
First Round
(17 Nov 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - PLACE | Valuation | Goldman Sachs Investment Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech startups are invested in by 3L Capital venture firm.
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Founded Year | Domain | Location | |
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Investments are made in technology-based businesses by this VC firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PLACE
PLACE has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Livian. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Diversified real estate platform is provided for agents.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PLACE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Place Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential properties are listed and brokered through an online platform.
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| domain | founded_year | HQ Location |
Online brokerage for residential properties is facilitated via mobile apps.
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| domain | founded_year | HQ Location |
Residential properties are brokered online for buyers, sellers, and homeowners.
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| domain | founded_year | HQ Location |
AI-based decision-making tools for purchasing car and real estate properties
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| domain | founded_year | HQ Location |
Online brokerage for residential property transactions is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Place
Frequently Asked Questions about PLACE
When was PLACE founded?
PLACE was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is PLACE located?
PLACE is headquartered in Bellingham, United States. It is registered at Bellingham, Washington, United States.
Who is the current CEO of PLACE?
Richard Tracy is the current CEO of PLACE.
Is PLACE a funded company?
PLACE is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Series A of $100M, raised on Nov 17, 2021.
How many employees does PLACE have?
As of Jul 17, 2023, the latest employee count at PLACE is 925.
What does PLACE do?
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.
Who are the top competitors of PLACE?
PLACE's top competitors include Redfin, Compass and Homelister.
What products or services does PLACE offer?
PLACE offers Real Estate Technology Platform and Agent Support Services.
How many acquisitions has PLACE made?
PLACE has made 1 acquisition, including Livian.
Who are PLACE's investors?
PLACE has 2 investors. Key investors include 3L Capital, and Goldman Sachs Investment Partners.
What is PLACE's valuation?
The valuation of PLACE is $1B as of Nov 2021.
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