Online education

Smart Realty Secures $2 Million From Strategic Investor

Clever Real Estate has demonstrated financial discipline and a commitment to long-term success and is on track to achieve profitability in the second half of the year.

ST. Louis, May 10, 2023 /PRNewswire/ — Smart Real EstateA fast-growing real estate technology company has raised additional funding. $2 million Funded by venture capital firm Cultivation Capital and EssentVentures LLC, a subsidiary of Essent Group Ltd (NYSE: ESNT).

Real estate tech strategist also participated in funding round Mike Delpreet Built on the company’s previous achievements $11 million This is what industry insiders continue to believe in times of market uncertainty.

“Clever has always exceeded expectations,” he said. Clifford Hallkamp, Co-Founder and Managing Director of Cultivation Capital. “We are delighted to have the opportunity to back them again with this funding round.”

This strategic investment comes as Clever launches its title and escrow closing solution in the second quarter of 2023 and continues to grow its lender partnership channel. The channel has grown 700% year-over-year and is growing faster than transaction value. $750 million Real estate this year.

“Clever has built the #1 online education platform in real estate,” said Clever co-founder and CEO Luke Babich Said. “Clever’s next chapter will use its platform as a starting point to launch new solutions for both consumers and real estate professionals. We couldn’t be more excited to welcome you to our table.” Help Clever accomplish our mission. ”

The news comes as the company ranks 65th on the Midwest’s Fastest Growing Companies list, as well as the company’s recently hired Vice President of Content, Rachel Meyer, from Healthline. Senior Vice President of Partnerships, Tony Chahal, from Home Light. and Finance Manager, Bryant Gonzalezfrom Invitation Holmes and Sunday.

Clever’s primary content business. Created 70% or more of Clever $3.25 billion Property sales in 2022 have recorded 50% year-on-year growth. This growth has been driven by the company’s focus on educational content, which attracts 10 million readers annually, and its ability to help real estate agents and mortgage lenders increase their earnings in a challenging environment.

About Clever Real Estate
smart real estate is on a mission to provide people with the most reliable advice and the best solutions at every stage of their real estate journey. Clever’s main product is a realtor matching platform that allows home sellers and buyers to compare personalized realtor matches and save up to 50% on regular commissions. Clever’s network spans 19,000 agents in all 50 states.

About cultivation capital
cultivation capital is an early stage venture capital firm that invests in software technology, life sciences, agricultural technology and geospatial technology companies. Since its inception in 2012, the company has invested in more than 150 of his companies and is recognized as one of the most active early stage investors. usa.

Please contact us Kristen Harhold and [email protected] Have any questions or arrange an interview.

Kristen Harhold
smart real estate
[email protected]

Source Clever Real Estate

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