Place is set to finalize its acquisition of Remine, the second major acquisition within a year, aiming to bolster its market presence. Founded in 2019 and achieving unicorn status with a $1 billion valuation, Place has significantly grown, employing over 1,100 individuals. Remine, launched in 2015, has faced financial difficulties resulting in a decrease in employees and a recent joint venture's bankruptcy. Despite challenges, Place's co-founder reassured Remine’s customers of continued service quality post-acquisition, emphasizing stability during this transition.
The firm was founded in 2015 and sold in 2021 to Unlock MLS, First MLS, Miami Realtors' MLS and Heartland MLS for $53.5 million.
In an interview with Inman, Kinney assured Remine's current customers that they will continue to receive the same level of service and support from the Remine team.
Place completed a Series A funding round in 2021 that raised $100 million, hitting unicorn status with a valuation of at least $1 billion.
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