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Privy, a pioneering proptech company, has successfully raised $4 million in non-dilutive growth funding from Cypress Growth Capital.
Founded in 2019, Privy has distinguished itself in the real estate market by providing a software platform that simplifies the discovery and analysis of residential investment opportunities for individual investors and real estate agents. This funding marks a significant milestone in the company’s mission to democratize real estate investing through technology.
This investment will fuel Privy’s continued innovation and expansion. The platform leverages a combination of open and proprietary data, including Multiple Listing Service (MLS) data, and combines it with proprietary algorithms to accurately identify low-risk, high-potential investment properties. This “push-button” approach to identifying lucrative deals has driven Privy’s customer base growth by 1000% over the past two years, solidifying its status as a proptech success story.
The new capital injection will be directed towards further product development, improving customer experience and expanding sales channels. Privy’s roadmap includes a series of strategic moves designed to solidify its position as a leader in the real estate investment sector, providing unparalleled access to market data and investment opportunities. Masu.
To further raise the company’s profile, Privy founder and CEO Scott Fahl will be sharing his insights at a prominent lending conference. Mr. Farr’s work at the American Lending Conference and the National Private Lenders (NPLA) Conference highlights Mr. Prieby’s commitment to transforming the real estate investment landscape through the power of data analytics, artificial intelligence, and automation.
Scott Fahl, founder and CEO of Privy, expressed his enthusiasm for the partnership with Cypress Growth Capital. “These are very exciting times for us at Privy. Cypress Growth Capital is the type of partner we needed. “I have the experience to help me understand what I mean when I say I want to change,” he said.
Vik Thapar, Managing Director of Cypress Growth Capital, also commented on the investment, highlighting Privy’s innovative approach to real estate investing. “Privy has his innovative SaaS solution serving a rapidly growing segment of the real estate investment market,” he said. This investment confirms our confidence in Privi’s unique position in the real estate investment space.
Privy’s journey began with a vision to make real estate investing accessible and profitable for everyone. This latest funding round not only validates the company’s past performance, but also sets the stage for future growth and impact on the world of real estate investing.
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