Real estate and fintech company Reali has closed $250 million in new financing, led by Zeev Ventures, with participation from Akkadian Ventures, Signia Ventures and others. The funding round includes $75 million in equity, $25 million in venture debt and $150 million in warehouse financing.
This latest wave of capital underpins Reali’s planned national expansion and product advancements to its Reali Trade-In and Reali Cash Offer services, which help homebuyers remove contingencies from their offers. Total funding for Reali now amounts to more than $300 million, with Zeev leading earlier rounds.
“This fundraising reaffirms Reali’s commitment to simplifying one of life’s most complex and stressful transactions in a streamlined way. After a year of tremendous growth, the results of our high-tech, high-touch approach are resonating with our customers,” said Tyler Baldwin, CEO of Reali. “As we continue to scale, we are excited to have found investors and partners who share our vision of expanding our offering to new markets and continuing our quest to meet the individual needs of our customers.”
In addition to salaried in-house Reali agents and an in-house team of specialists who collaborate and communicate 24/7, Reali offers a wide range of alternative financing solutions. Reali Trade-In helps customers simultaneously sell an existing home and buy a new home in a coordinated transaction, eliminating the pain of resale contingencies, moving twice and paying two mortgages at once. Reali Cash Offer allows buyers to purchase the home of their dreams with a competitive, all-cash offer backed by Reali. These solutions help buyers and sellers find a competitive edge and close faster, on average saving their customers $16,000.
