UpNest Earns Place on Deloitte's Technology Fast 500 List
UpNest, a fast-growing real estate agent marketplace, announced it was ranked number 85 on Deloitte’s Technology Fast 500™, and number 21 in the Bay Area. Technology Fast 500™ is a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 354 percent. UpNest, in particular, grew 1,533% percent in revenue during this period, facilitating over $2 billion a year in home transactions.
This recognition comes on the heels of several other recent awards, including being ranked in the 500 Fastest Growing Private Companies in 2018 by Inc. Magazine.
“It is rewarding to see consumers save money and agents gain new business every day on our platform,” said UpNest’s Founder and CEO, Simon Ru. “Having our growth recognized by Deloitte validates our mission to add efficiency and price transparency to the real estate agent hiring process. We are pleased to have built a product that delivers a great consumer experience and garners great reviews from both consumers and agents.”
“This recognition is well-deserved,” said Richard Schulman, the top Keller William agent in Los Angeles. “UpNest, hands down, has the best platform to deliver high-quality, well-vetted, highly-motivated clients with no up-front cost. It saved me tons of time. I get an appointment with almost every client they send to me!"
UpNest partners with over 14,000 highly-qualified real estate agents across the country. Many of its partner agents are ranked on REAL Trends Top 1000 list, and some are featured on TV shows such as “Million Dollar Listing” and “House Hunters.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
UpNest is an innovative real estate agent marketplace connecting home buyers and sellers with highly qualified local agents who compete for their businesses. UpNest analyzes thousands of competing agents’ proprietary performance data to provide consumers with the best selection of agents. Home buyers and sellers receive personalized quotes offering competitive commissions, rebates, and services. Since launch, UpNest has facilitated billions of dollars in home sales, and saved consumers millions of dollars in commissions.
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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