Matt Barba’s startup, Placester, may not be a familiar name to you, but if you’re a real estate professional in the U.S., chances are that you’re already a customer. On Tuesday, Placester made an announcement that they have acquired RealSatisfied, another promising real estate tech startup. Forbes estimates the deal to be in the $3 million to $5 million range, and it has added 150,000 real estate agents to Placester’s already existing 250,000. With this acquisition, Placester now reaches one out of every three agents in the country.
This is the second acquisition for Placester in recent weeks. In March, they acquired Homefinder for undisclosed terms. Placester has raised $50 million to date, with a recent funding round in November 2015 that valued the company at over $150 million. RealSatisfied was a small team with only five employees, including its two bootstrapped co-founders based in Sydney, Australia.
