Reali unlocks $2m for IoT-driven real estate platform

Real estate marketplace Reali has unlocked a $2m seed round from Liquid2 Ventures and Dragonfly Investments Group as well as angel investors.

The Silicon Valley-based company aims to brings greater transparency to the process for buyers through an end-to-end solution covering search, bidding and offer submissions.

Launching in California Reali combines its platform with connected home and beacon technology to allow its app users to enter and explore homes as well as make offers.

Reali’s co-founder and CEO Amit Haller said, “Our experience in both the technology and real estate industries has given us a unique perspective to reshape the home buying and selling process with a new offering for consumers.”

Founded in 2015 the company claims to offer lower fees and refunds of buyers’ agent commissions as well as brokerage services and warranties to buyers and sellers.

The company says it will use the capital to expand its engineering team and expand into new real estate markets.

Copyright © 2016 FINTECH GLOBAL

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