Prevu, a digital home buying platform, has closed its seed round on $2m, with an aim of expanding into new geographic markets.
Seed-stage venture capital firm Corigin Ventures led the investment round. Having closed the round, the PropTech platform will look to grow its engineering team and bolster its technology platform.
The company was founded to create a smarter way to transact due a lack of control and transparency in the homebuying process. Currently, the platform operates in the New York Metropolitan area and Connecticut.
Prevu’s smart buyer platform gives buyers a better approach to homebuying by giving them tools and advice to guide them through the process. Agents are available to answer questions, as well as helping with to scheduling a tour, making an offer, negotiating a purchase and closing on a transaction. Users can search for properties on the platform and save up to 2% of the purchase price when buying through Prevu.
Prevu co-founder Thomas Kutzman said, “The bottom line is that the traditional residential real estate industry is antiquated and inefficient with the majority of agents pulling clients offline at the first opportunity to control the process. Buyers no longer need to rely on agents as the gatekeepers of information, which is available at their fingertips online.
“We were incredibly frustrated by our own experiences in buying real estate, and we sought to create a truly intuitive model that gives control back to consumers and eliminates a lot of the stress involved. Our Smart Buyer™ platform was created to address these inefficiencies and provide greater control to buyers, while delivering rebates that help to offset the significant expenses involved in purchasing a home.”
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