The funding will be instrumental in advancing the growth of the company’s innovative AI-powered services
RealReports, a PropTech firm formerly known as BHR, has successfully raised $2 million in a seed funding round led by TTV Capital, Moderne Ventures, Erez Capital, alongside other notable venture capital firms. The funding will be instrumental in advancing the growth of RealReports’ innovative AI-powered product.
James Rogers, Co-founder and CEO of RealReports, expressed the significance of this milestone, acknowledging the challenging fundraising environment for start-ups over the past year. He stated, “We are thrilled to have such engaged and helpful investors join us in this round and are more confident than ever about our path forward.”
RealReports achieved an oversubscribed seed round, a noteworthy accomplishment in the face of a challenging venture capital climate. In 2023, there was a 67% decrease in the number of funds and total amount raised compared to the previous two years.
Lizzie Guynn, Partner at TTV Capital, highlighted the need for a solution in the fragmented real estate data landscape. She mentioned, “Realtors and their clients need a solution that provides them with critical information about a property at the start of the process, rather than days before closing.” Guynn commended RealReports for its comprehensive data set, industry knowledge, and early traction.
RealReports offers detailed information on every property in the United States, leveraging over 30 top data providers and an AI co-pilot capable of instantly answering any question about each home. Targeted at real estate agents, the product aims to enhance deal success, lead generation, property research efficiency, and trust-building with clients.