USA – Privy, a Denver, CO-based provider of a real estate investment software platform, raised $4M in Growth funding.
The round saw participation from Cypress Growth Capital.The company intends to use the funds to further invest in the product, improve customer experience, and build sales channel expansion.Led by Scott Fahl, Founder and CEO, Privy is a real estate investing platform serving real estate investors, and the agents and lenders who work with them, its SaaS solution is built to find, analyze, and track markets to uncover investment deals first regardless of experience level or economic climate. Leveraging comprehensive direct-to-MLS data and patent-pending Investor CMA technology, its real estate investing platform provides analysis, transaction volume, long-term client loyalty, and increased returns.The platform leverages extensive market data from a variety of open and exclusive sources, including Multiple Listing Service (MLS) data, and then applies proprietary algorithms to identify those properties most likely to be successful, low-risk investments.Commenting on the news, Scott Fahl said: “This is such an exciting time for us at Privy. Cypress Growth Capital is the type of partner we needed. They have the experience to help us scale strategically and understand what we mean when we say we want to change the real estate investing game.”15/02/2024
