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Image from a Side video.
startups real estate venture capital

Coatue Invests in Real Estate Startup Side at $1 Billion Valuation

Photo: Image from a Side video.

Side, a startup that offers brokerage services and software to real estate agents, raised nearly $150 million at a valuation of $1 billion after the investment, according to a regulatory filing and two people familiar with the matter. It is the latest in a string of high-priced financings ignited by the home-buying boom.

Coatue Management led the financing, one of the people said. The funding would strengthen Side as a competitor to Compass, a more richly capitalized real estate brokerage that filed to go public earlier this month.

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