Realync
Deal: $1.1 million seed round
Investors: The round was led by Meridian Street Capital, with participation from VisionTech Partners, M25 Group and Charmides Capital.
What they do: Realync's app instantly connects users with real estate professionals to virtually tour a space. The startup offers live virtual tours or pre-recorded video in order to increase conversion rates for protective buyers or renters. Rather than sifting through online images of a property, home buyers and renters can connect live with a real human being and see a space in real time. Users can ask hosts to open cabinets, walk through closets, and get a more personal virtual experience through a one-on-one conversation with the real estate professional.
Realync says it has users in 47 states and 30 countries.
Other details: Realync is based in Chicago, and said it's using the funding to establish a new company headquarters on the northeast side of Indianapolis. The Indiana Economic Development Corporation is offering Realync $650,000 in EDGE tax credits based on the company's plans to add over 40 jobs by 2020. Realync said it will continue to operate from and expand its Chicago office.
“As Millennial and Gen Z consumers become the majority of renters in the multifamily industry, we have seen owners and managers recognize the need to change how their leasing teams interact with prospective tenants. That means being able to show exactly which units are available and precisely what it would look like to live there - all without them stepping foot in the property,” Matt Weirich, co-founder and CEO of Realync, said in a statement.
Realync Real Time Touring Product Demo from Realync on Vimeo.
