Texas based startup OJO Labs has raised $62 million in its series D round from Breyer Capital, LiveOak Venture Partners, Royal Bank of Canada and Northwestern Mutual Future Ventures. The funds will be used to purchase US challenger portal Movoto and improve the company’s personalised property recommendation engine which uses the latest AI technology. The purchase by OJO Labs has seen it buyout Japanese real estate company Mitsui Fudosan’s position in Movoto which it acquired in January of 2019.
OJO Labs plans to integrate the assistant into Movoto’s platform so that practical questions around the purchase of a property can be answered on the portal itself and when a user is ready, the technology will be able to refer them to the right agent as a more qualified lead. The portal, which reportedly sees 24 million monthly visits, will not undergo a rebrand but will now operate under the OJO umbrella.
Realtor.com has reported strong growth in traffic, engagement, and search visibility on a new blog post, citing recent data from...
Read More
The British business-focussed newspaper, City AM has claimed that the UK's number two portal Zoopla has been put up for...
Read More
CoStar Group has reported strong Q1 2025 results, with the U.S.-based real estate data and marketplaces giant posting $732 million...
Read More
PropHero, the AI-powered CRM platform that helps property buyers find investment opportunities, has confirmed changes to its Australian operations just...
Read More
