PropTech startup Zavvie, the agent-centric brokerage selling solutions platform and marketplace, announced the completion of a $1.75 million inside round from existing investors, including Second Century Ventures, backed by the National Association of Realtors.
The rapid market penetration of verified institutional buyers, including iBuyers and “buy before you sell” Bridge Buyers, has fueled Zavvie’s expansion, the company said in the announcement. More than 60,000 real estate sales professionals from some of the nation’s most successful and fastest-growing multi-state brokerages have access to Zavvie-powered platforms, which typically present over 100 offers a day nationwide.
“iBuyers and Bridge Buyers are buying more homes than ever in almost every major market,” said Lane Hornung, Zavvie co-founder and CEO. “The market opportunity for Zavvie is massive as we are uniquely positioned at the center of this growth,” Hornung added. “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.”
According to Hornung, the addition of broker partners, whose agents request purchase offers from verified buyer partners, has accelerated the growth of Zavvie’s marketplace.
“Our platform aggregates homes for purchases from tens of thousands of agents who represent millions of homeowners and delivers deals to enterprise buyers with billions of capital to place,” Hornung said.
Zavvie has added several new verified Bridge Buyers, including EasyKnock, Knock, and Ribbon, as Verified Buyer Partners. The company’s Verified Buyer Partners – including iBuyers, Bridge Buyers and Listing Concierges – collectively on track to purchase more than 85,000 homes in 2021. Listing Concierge partner Curbio, which provides a “repair and renovate pre-sale, pay when you close” service for sellers, is another recent addition to the Zavvie marketplace. Zavvie also recently announced a partnership with Leading Real Estate Companies of the World, a global network of 550 top independent real estate firms.