PropTech platform Torii has collected $1.4m in its seed funding round which will support the team expansion plans of the company.
Increasing the size of its technology team and hiring a client-focused experience manager, are the focus for the team growth.
The company was founded in 2017 and uses data-backed machine learning to improve brokerage within the property buying and selling space. Buyers are matched with a licensed real estate agent or broker from Torii.
Users access more visibility into the home purchase process, and Torii pays for the buyers’ closing costs, which average around $6,132.
The mobile app is designed like Tinder and lets users quickly search through property listings. It also simplifies the process of requesting property showings, making an offer, and tracking the status of submissions.
Torii CEO and co-founder James Rogers said, “We are the best real estate brokerage for first-time home buyers, and the first to combine true five-star service with advanced technology to help our clients find and buy the perfect home.
“While other companies split their resources to focus on both the buyer and seller sides of real estate transactions, we have positioned ourselves to be the buy-side brokerage. Torii was founded after an exceptionally bad experience with a real estate agent, and we put our clients first in every part of their real estate purchase.”
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