With a fresh $45 million raised, OJO Labs Inc. executives plan to go on a hiring spree and to expand the reach of their real estate-technology platform.
Investors in the new round, announced Tuesday morning, included Austin-based LiveOak Venture Partners, New Jersey-based Realogy Holdings Corp., Royal Bank of Canada and Northwestern Mutual Future Ventures. Those four also invested in OJO’s $20.5 million series B round in May 2018.
OJO Labs has created a “chatbot” for potential homebuyers — an artificial intelligence that can text consumers about properties and answer questions about things such as a home’s layout and location. The chatbot then connects homebuyers with qualified real estate agents.
The chatbot assistant is up and running in 12 U.S. markets plus Toronto; now OJO executives aim to take it nationwide.
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