Reggora, an appraisal technology company focused on modernising residential real estate valuation, has secured $18m in new funding.
The round was led by Centana Growth Partners, which backs high-growth companies across the financial services sector.
The Boston-based company develops solutions to transform property appraisal into a faster, scalable, and technology-driven process for mortgage lenders. Its latest innovation is a 24-hour appraisal product, designed to drastically cut turn times across urban, suburban and rural markets.
Funds from the new investment will be used to support the rollout of this 24-hour appraisal product and to further strengthen product development. Reggora said the solution is aimed at enabling lenders to close loans more quickly without compromising on compliance or quality standards.
The new product leverages the company’s proprietary fulfilment network and integrated technology stack, which are purpose-built for high-volume lenders seeking a competitive edge in mortgage processing. The firm has positioned itself as a key player in helping financial institutions respond to changing borrower expectations for speed and efficiency.
Reggora CEO and co-founder Brian Zitin said, “We’ve spent the last few years solving appraisal infrastructure problems from the ground up. Now we are finally able to go all-in on fundamentally changing the appraisal process for the better by delivering what lenders have sought for decades: appraisals that don’t slow down the closing process. I am extremely excited to unveil it to the industry and have it become the new standard.”
Centana Growth Partners partner Sarah Kim said, “Reggora is transforming the appraisal process into a modern, scalable, and faster experience. It reflects the type of innovation we aim to advance through our investments at Centana.”
Zitin added, “Today’s borrower expectations are different. Lenders can’t afford to wait 10+ days for an appraisal. This new appraisal workflow dramatically shortens cycle times without sacrificing accuracy or risk standards.”
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