Californian property platform Reali has raised $20m to develop its plan to replace traditional estate agent fees with a flat-fee model, taking its total raised so far to $30m. The company is also working on an app that will allow users to buy and sell their homes directly from the platform. Reali plans to use machine learning and AI and develop beyond its current operations in the Bay Area and Sacramento to cover the whole of California by the end of 2018. Reali said it had processed hundreds of millions of dollars in property and had a Net Promoter Score of 85.2.
Californian property platform Reali has raised $20m to develop its plan to replace traditional estate agent fees with a flat-fee model, taking its total raised so far to $30m. The series B funding was led by Zeev Ventures with backing from Signia Venture Partners and other investors. Reali plans to use machine learning and AI and develop beyond its current operations in the Bay Area and Sacramento to cover the whole of California by the end of 2018. Reali said it had processed hundreds of millions of dollars in property and had a Net Promoter Score of 85.2.