Fenwick represented Side, a real estate technology company that transforms agents, teams and independent brokerages into boutique brands and businesses, in its additional financing of $50+ million, led by Tiger Global Management with participation from ICONIQ Capital and D1 Capital Partners.
The financing more than doubles Side’s valuation to $2.5 billion from a valuation of $1 billion three months ago. This latest wave of capital underpins Side's national expansion as the company prepares to enter 15 new states by the end of 2021, and it will accelerate the growth of Side’s technology brokerage platform. More information can be obtained from the company’s announcement.
Fenwick previously represented Side in its $150 million Series D financing in March.
The Fenwick transaction team was led by corporate partner Michael Brown and included associates Jordan Roberts, Ari Haber and Jared Leung, and law clerk Aaliya Kapadia.