Reali, a tech-focused real estate company that offers flat fees for both buyers and sellers, has announced a successful funding round of $4 million to fund its growth in and around the Silicon Valley area, reports HousingWire.
The firm has now closed out $9 million in total Series A funding, as it raised $5 million earlier this year, which it planned to use to expand its operations throughout San Francisco.
Reali launched in 2016, and the company reports that it’s seen “strong growth” so far, namely 50% growth quarter-over-quarter.
The company’s services are currently available in parts of Northern California, including the cities and surrounding areas of San Francisco, Palo Alto, San Jose and Sacramento.
The firm says what sets it aside from its competitors is the fact that it offers a flat fee model for both buyers and sellers.
Oren Zeev, who has been involved with Houzz, Audible, Chegg and HomeLight was responsible in leading the current round of funding and will now also join Reali's board.
“As an investor in the space, I’m seeing a lot of room for innovation in the housing and real estate industries,” Zeev said.
“Reali has experienced significant momentum in just a year since they first launched to disrupt the real estate industry and I’m excited to work with them to continue scaling their business.”