Reali adds further $3m to its Series A funding round

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fintech insurtech wealthtech regtech ai cybertech esg news

PropTech platform Reali has raked in a further $3m to its Series A funding, following commitment from Silicon Valley investor Oren Zeev.

This new injection, follows on from the company securing $6m in the Series A earlier in the year.

Reali is a real estate transaction platform which aims to support decision making through the support of data and technology. Its platform enables users to search for properties or list their own, with buyers receiving a full refund of the buyer’s agent commission and sellers paying a flat fee for selling, rather than a 5 per cent total commission.

This new line of equity will help the company to boost its marketing and development efforts, as well as expand across new metropolitan areas.

Zeev Ventures founding partner Oren Zeev said, “As an investor in the space, I’m seeing a lot of room for innovation in the housing and real estate industries. Reali has experienced significant momentum in just a year since they first launched to disrupt the real estate industry and I’m excited to work with them to continue scaling their business.”

Following the investment, Oren Zeev will join Reali’s board of directors.

The Series A funding round has been split across this investment, a $1m investment from existing investors and a $5m round led by Signia Venture Partners. Last year the company netted a $2m investment from Liquid2 Ventures and Dragonfly Investments Group.

Copyright © 2017 FinTech Global

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