Zavvie completes $1.75M fundraising round
BOULDER — Boulder-based startup zavvie, a real-estate sales platform and marketplace, has completed a $1.75 million fundraising round from existing investors.
Investors include Second Century Ventures, backed by the National Association of Realtors.
Zavvie is the trade name for Real Estate Community Pulse Inc. The platform works in the iBuyer space, which is a reference to real estate buyers who use technology to provide near-immediate offers on properties, purchase them and then resell those properties.
SPONSORED CONTENT
Federal District Court Rules Corporate Transparency Act Unconstitutional . . . But Most Small Businesses Must Still Comply
Lyons Gaddis Real Estate and Business Attorney Cameron Grant shares important details of the Corporate Transparency Act (CTA).
Zavvie’s fundraising had not shown up on the U.S. Securities and Exchange Commission site as of Friday morning.
“iBuyers and Bridge Buyers are buying more homes than ever in almost every major market,” Lane Hornung, zavvie co-founder and CEO, said in a written statement. “The market opportunity for zavvie is massive as we are uniquely positioned at the center of this growth. By keeping agents involved in all real estate selling options, zavvie facilitates the convergence between the traditional industry incumbents with the new disruptors and innovators,” he said.
Hornung said that 30% of the top 100 brokerages in the country already use a zavvie-powered platform.
“Our platform aggregates homes for purchase from tens of thousands of agents who represent millions of homeowners and delivers deals to enterprise buyers with billions of capital to place,” he said.
Bridge buyers are among the fastest-growing segments of zavvie’s business. Bridge buying services permit a homeowner to buy a new property before selling the existing property. Zavvie has added several new verified bridge buyers, including EasyKnock, Knock and Ribbon, as verified buyer partners.
Zavvie is on track to buy more than 85,000 homes in 2021, Hornung said.