Real estate investment platform AlphaFlow closes $4.1m seed round

Automated real estate investment platform AlphaFlow has closed its $4.1m Seed funding round.

The financing was led by Resolute Ventures and Point72 Ventures. Other commitments to the round came from firms including Upside Partnership, Social Capital, Y Combinator, Clocktower Technology Ventures, and Red Swan Ventures, among others.

Founded in 2015 by former RealtyShares co-founder Ray Strum, the company applies data, analytics and technology to build automated and diverse real estate investment portfolios. Users connect bank accounts to the platform so it can make investments on the user’s behalf, interest payments are then transferred to the account one or two times a month, giving an auto-withdraw or auto-reinvest option.

This capital injection will be used to help scale the company’s partnerships with lenders and investors, both accredited individuals and investment managers. The equity will also help to boost its team, with a focus on the data science and engineering departments.

Pre-seed and seed venture capital firm Resolute Ventures has previously made investments into the PropTech sector, including an investment in 2014 to home selling platform Opendoor’s $9.5m round. The firm also took part in real estate analytics platform Reonomy’s seed round in 2013.

Investments into PropTech have been on the rise, with 2016 seeing a record total of $2.2bn invested into companies, compared to 2015 receiving only $984m.

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