Austin real estate investment and wealth management startup Realized has raised a $6 million Series A round, the company announced Tuesday.
The investment was led by Los Angeles-based Calibrate Ventures, and it included funding from Minneapolis-based Rice Park Capital. Calibrate Ventures co-founder Kevin Dunlap will join Realized's board of directors as part of the deal.
Founded in 2015, Realized helps people who own legacy investment properties find tax-efficient ways to invest equities into diversified commercial properties that might help generate more income. It does so using software and by using a 1031 exchange, which lets investors defer capital gains on investment property sales when they reinvest the money into "like-kind" properties with equal or greater value.
“When we launched Realized three years ago, our goal was to provide individual investors with a holistic, transparent solution to tax-efficiently trade out of their investment properties,” David Wieland, CEO of Realized, said in a statement. “The additional capital allows us to expand the Realized platform to serve more families, planning-centric investment advisors, CPAs, and attorneys seeking to deliver value to their clients considering 1031 exchanges.”
The company appears to have raised an undisclosed amount of seed funding in 2015, according to Crunchbase.
