Real estate technology startup RealSavvy, which offers Web-based services for agents and home buyers, has collected an additional $1.6 million for expansion.
Founded in 2014, RealSavvy provides custom websites for brokers and agents where they can collaborate with buyers throughout the home search. Buyers can search real estate listings, and then "pin" a home listing they like on a personalized board, which they can share with others involved in their home search.
RealSavvy targets agents, who can track each customer's preferences based on the listings they pin. Agents and buyers can communicate using real-time messaging.
San Francisco-based FF Angel was the lead investor in the deal. Other participants included Capital Factory Fund and Stephen Oskoui, a venture partner at Founders Fund. The company has raised a total of $2.62 million.
The cost for a customized website and mobile app for agents ranges from $99 to $200 a month. For brokers, the cost starts at $7,500 a year, depending on the size of the team. That includes a customized website, collaboration tools and apps.
Currently more than 65 brokers and 500 agents are using the platform in Austin, Dallas, Houston, San Antonio and Denver markets, the company said.
"Consumers today demand a beautiful, intuitive and collaborative home search experience backed by accurate listing data that only licensed brokers and agents can provide," said Rick Orr, CEO of RealSavvy. "RealSavvy provides agents with the tool set they need to grow their business, which includes a customizable web front end."
The company will use the funding to grow its eight-person team, accelerate sales and marketing and continue development of its platform.
"Real estate is a massive industry that has seen virtually no technological innovation until now," said Oskoui of Founders Fund. "RealSavvy's platform is already driving significant sales increases for brokers and agents by streamlining interactions with home buyers and sellers."
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