Real estate technology and services company Place just raised the first outside capital in its history: a $100 million Series A round led by Goldman Sachs Asset Management, at a valuation of more than $1 billion.
Never heard of Place? That’s not a surprise.
“We don’t have a press department. We don’t have a marketing department. We’ve only had one sales rep for the last two years,” said Place co-founder Ben Kinney, a serial entrepreneur and real estate agent, in an interview with GeekWire. “We’ve just been hiding in Bellingham, Washington, doing our stuff.”
They do have profits, which helps to explain why they haven’t needed those other things.
Place, headquartered in the picturesque seaside community 88 miles north of…