Homesnap raises $14 million for actual property intelligence


Rockville, Maryland-based Homesnap has come a good distance from its days as a consumer-facing app for displaying details about native houses by taking a photograph.

Whereas its present app nonetheless works this manner for potential consumers, lately its core focus is for U.S. actual property brokers, and near 75 p.c of them are mentioned to be utilizing it. The platform is supplied with hard-to-find information that helps them be higher at their jobs — and so they’re paying for it.

In a vote of confidence about its new path, Homesnap has raised a $14 million Collection B spherical led by Updata Companions, with participation from Moderne Ventures. This brings the whole funding to $32 million, which incorporates prior funding from Revolution, the enterprise agency began by AOL co-founder Steve Case.

Homesnap has registered about 400,000 actual property brokers, who use its providers to search out out issues like how lengthy a house has been in the marketplace and which brokers are related. The true draw is the real-time MLS listings that make it simpler to match consumers and sellers, and Homesnap has been capable of mixture this in 125 metropolitan areas.

“It’s change into an actual hit with the trade,” CEO John Mazur informed TechCrunch. “We’re constructing a cell working system for brokers.”

He mentioned they’ve developed an excellent relationship with the MLS teams who pay per agent on a per thirty days foundation for the product. Brokers are then ready to make use of Homesnap Professional totally free.

Brokers also can pay Homesnap to run on-line advertising campaigns for his or her listings, whether or not that be on Fb or Google. With all the information readily imported, an advert could be created in lower than a minute.

And Homesnap has extra concepts for monetization. They need to use the funding to additional construct out undisclosed “premium” merchandise.

Featured Picture: Phillip Spears/Getty Pictures UNDER A CC BY LICENSE

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