TLDR:
– Privy, a real estate investment software platform, has raised $4 million in growth funding.
– The company plans to use the funds to invest in product development, customer experience, and sales channel expansion.
Privy has secured $4 million in growth funding from Cypress Growth Capital. The Denver-based company, which provides a real estate investment software platform, plans to use the funds to invest in product development, enhance the customer experience, and expand its sales channels.
Privy’s software platform is designed to serve real estate investors, as well as the agents and lenders who work with them. Its solution uses direct-to-MLS data and patent-pending Investor CMA technology to find, analyze, and track markets in order to uncover investment opportunities.
The platform leverages comprehensive market data from various sources, including Multiple Listing Service (MLS) data, and applies proprietary algorithms to identify properties that are likely to be successful and low-risk investments. The goal is to provide real estate investors with analysis, transaction volume, long-term client loyalty, and increased returns.
Scott Fahl, the founder and CEO of Privy, expressed excitement about the funding and highlighted the strategic value Cypress Growth Capital brings to the table. Fahl emphasized his company’s commitment to transforming the real estate investing game with the help of their new partner.
In summary, the $4 million growth funding secured by Privy will enable the company to continue its product development efforts, improve the customer experience, and expand its sales channels. The real estate investment software platform aims to provide real estate investors with valuable insights and increased returns through its comprehensive market analysis and data-driven algorithms.
