Reali Secures Additional $9 Million in Series B2 Funding
Additional funding to further its goals of vertically integrating all parts of the home buying and selling transaction
SAN MATEO, Calif., May 9, 2019 /PRNewswire/ -- Reali, the real estate technology company transforming home-buying and selling, announced it has raised a Series B2 round of $9 million, adding to the initial round of $20 million first announced in July 2018, which was led by Zeev Ventures. The Series B2 round was led by Group 11 (f.k.a SGVC) and also includes existing investors Zeev Ventures and Signia Ventures.
This additional financing comes on the heels of a rapid growth year for Reali, where the company has more than tripled its transaction volume and has grown its headcount by nearly 40%. Further accelerating its full stack solution on top of new lending capabilities, Reali launched Reali Loans with the acquisition of online mortgage platform Lenda in April 2019.
"At Group 11, we are always on the lookout for financial technology companies that solve a real problem and bring innovation to massive sectors ripe for solutions," said Dovi Frances, Managing Partner at Group 11. "Reali's solution and their incredible growth to date further demonstrate their team's determination to streamline the unnecessarily complicated real estate process while saving consumers thousands of dollars in fees and commissions. Thus, we are truly excited to lead this financing round and look forward to joining Reali's team efforts to grow the company into the market leader it is ought to become."
"Since its inception, Reali has focused on creating a seamless, innovative and superior customer experience during one of the most stressful moments in life – buying and selling a home, at a fraction of the cost," said Amit Haller, co-founder and CEO of Reali. "We're thrilled with this ongoing investor support which allows us to continue our momentum while introducing additional services such as escrow and title, home warranties and insurance, to name a few."
Reali is actively recruiting key hires across the product, engineering, real estate and marketing teams in the United States and Israel and is expanding its certified agent headcount.
About Reali
Reali is on a mission to change the way people experience home buying and selling. As a full-service brokerage, we are reinventing the real estate model to prioritize consumer interests with a team of local licensed real estate agents, an app, and technology-driven tools. Reali offers cash back to buyers instead of commission, and cash savings to sellers thanks to our flat seller fees. Keep in touch at www.reali.com, join our team www.reali.com/careers, or download the Reali app for iOS and Android.
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SOURCE Reali
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