Privy, a pioneering prop-tech company, has successfully raised $4m in non-dilutive growth capital from Cypress Growth Capital.
Established in 2019, Privy has distinguished itself in the real estate market by delivering a software platform that simplifies finding and analyzing residential investment opportunities for individual investors and real estate agents. This funding marks a significant milestone in the company’s mission to democratise real estate investing through technology.
The investment will fuel Privy’s continued innovation and expansion. The platform leverages a mix of open and exclusive data, including Multiple Listing Service (MLS) data, combined with proprietary algorithms to pinpoint low-risk, high-potential investment properties. This “push button” approach to identifying lucrative deals has propelled Privy’s customer base growth by 1000% over the past two years, solidifying its status as a prop-tech success story.
The new capital injection will be directed towards further product development, enhancing customer experience, and expanding sales channels. Privy’s roadmap includes a series of strategic moves designed to solidify its position as a leader in the real estate investment sector, offering unparalleled access to market data and investment opportunities.
Adding to the company’s visibility, Privy’s Founder and CEO, Scott Fahl, is slated to share insights at prominent lending conferences. Fahl’s engagements at the American Lending Conference and The National Private Lenders (NPLA) Conference highlight Privy’s commitment to transforming the real estate investment landscape through the power of data analysis, artificial intelligence, and automation.
Privy’s Founder and CEO, Scott Fahl, shared his enthusiasm for the partnership with Cypress Growth Capital. “This is such an exciting time for us at Privy. Cypress Growth Capital is the type of partner we needed. They have the experience to help us scale strategically and understand what we mean when we say we want to change the real estate investing game,” he said.
Cypress Growth Capital’s Managing Director, Vik Thapar, also commented on the investment, highlighting Privy’s innovative approach to real estate investment. “Privy has an innovative SaaS solution serving a rapidly growing segment of the real estate investment market,” said Thapar. This investment underscores confidence in Privy’s unique position in the real estate investing space.
Privy’s journey began with a vision to make real estate investing accessible and profitable for all. This latest funding round not only validates the company’s past achievements but also sets the stage for its future growth and impact on the real estate investing world.
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