Zillow Acquires Retsly from GrowLab Portfolio

Posted by Rob Lewis

Seattle-based Zillow just announced that it has acquired Vancouver's Retsly, a GrowLab portfolio company founded in 2013. Zillow has not disclosed the financial terms of the acquisition.

NASDAQ traded Zillow is the leading real estate and home-related marketplace.

Retsly is a software company that normalizes real estate data from multiple listing services (MLS) so developers can build data-driven products for the real estate industry.

Retsly was founded by Joshua Lopour and Kyle Campbell. Lopour has penned multiple guest articles for Techvibes including Five Secret Reasons to Join an Accelerator. With today's acquisition it appears Lopour now has a sixth reason.

Part of the Fall 2013 cohort, Retsly is the first GrowLab company to be acquired.

Lopour exclusively shared with Techvibes his thoughts on the acquisition and confirmed Zillow's statement today that Retsly will continue to operate from Vancouver: "The startup community in Vancouver was a large part of our success. We are super excited to continue pursuing our mission of building innovate tools for the real estate community in this amazing city."

The acquisition of Retsly is an extension of Zillow’s efforts to provide productivity tools to help brokers, agents, franchisors and MLSs be more productive and successful, and is an extension of the widely-adopted Zillow Tech Connect program.

“Retsly’s platform will spur tremendous innovation in the real estate space, enabling developers to build software that works across MLS boundaries and without the overhead of dealing with local data formats,” said Spencer Rascoff, Zillow CEO.

Rascoff continued, “Retsly’s team and cutting-edge technology is a great fit with Zillow and aligns with our goal to offer great value and services to our industry partners. We’re thrilled to welcome Retsly to Zillow.”

Previous investors in Retsly in addition to GrowLab include Eric Stegemann, Klaas Lameijer, Matthew Sorensen Moore, Geoff Entress, Paul Rochester, and BDC Venture Capital SIP.

Company:
Zillow
Website:
http://www.zillow.com
Location:
Seattle, Washington, United States

Zillow.com is an online real estate service dedicated to helping you get an edge in real estate by providing you with valuable tools and information. When the Zillow.com™ real estate service launched on Feb. 8, 2006, we tackled the first question most home buyers, sellers, and the curious ask: "How much is this home really worth?" Zillow calculates a Zestimate™ home valuation as a starting point for anyone to see... more

Company:
BDC Capital
Website:
http://www.bdccapital.ca
Location:
Montréal, Québec, Canada

A subsidiary of the Business Development Bank of Canada (BDC), BDC Capital offers a full spectrum of specialized financing and investment solutions to help Canadian entrepreneurs achieve their full growth potential. With more than $1 billion under management, BDC Capital takes a strategic, patient approach to nurture companies’ development over the long term. From venture capital to equity to growth and transition... more

Company:
GrowLab Ventures Inc.
Website:
http://www.growlab.ca
Location:
Vancouver, British Columbia, Canada

GrowLab supports the World's best entrepreneurs through seed funding, office space, mentorship & programming in Vancouver & San Francisco. more

Company:
Retsly
Website:
http://Rets.ly
Location:
Vancouver, British Columbia, Canada

Retsly is a backend as a service for the real estate industry that normalizes data from MLS providers and implements a cohesive and consistent real time API for integrating MLS data into real estate software while addressing industry compliance concerns. more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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