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Real estate startup Place comes out of nowhere with $100M round, led by Goldman at $1B valuation

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Real estate startup Place offers technology and services for agents and brokers, in addition to a consumer portal. (Place image)

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.”

Ben Kinney, Place co-founder. (Place Photo)

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…

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