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.