Homesnap raises $fourteen million for real estate intelligence – TechCrunch

Rockville, Maryland-primarily based Homesnap has appear a extensive way from its times as a buyer-facing app for displaying data about local homes by having a image.

Although its present-day application however performs this way for future consumers, these times its main target is for U.S. real estate brokers, and close to 75 % of them are reported to be utilizing it. The platform is outfitted with hard-to-come across data that allows them be superior at their positions — and they are paying for it.

In a vote of confidence about its new direction, Homesnap has raised a $fourteen million Collection B spherical led by Updata Partners, with participation from Moderne Ventures. This provides the full funding to $32 million, which consists of prior funding from Revolution, the enterprise organization started off by AOL co-founder Steve Scenario.

Homesnap has registered about 400,000 real estate brokers, who use its companies to come across out issues like how extensive a property has been on the market place and which brokers are associated. The true draw is the true-time MLS listings that make it less complicated to match consumers and sellers, and Homesnap has been ready to mixture this in 125 metropolitan spots.

“It’s develop into a true strike with the marketplace,” CEO John Mazur instructed TechCrunch. “We’re creating a cellular functioning procedure for brokers.”

He reported they have designed a fantastic romance with the MLS groups who pay out for every agent on a for every month foundation for the merchandise. Agents are then ready to use Homesnap Professional for free of charge.

Agents can also pay out Homesnap to run on the web advertising and marketing campaigns for their listings, whether or not that be on Fb or Google. With all the data quickly imported, an advertisement can be produced in considerably less than a moment.

And Homesnap has more ideas for monetization. They want to use the funding to additional make out undisclosed “premium” products and solutions.

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