AgentNews Brief

‘No commission’ startup Reali raises another $3 million

The startup launched a year ago and sends prospective buyers messages while they tour a home using 'Beacons'

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It looks like 2017 is shaping up to be a great year for Reali, the startup that launched a year ago in Palo Alto, and uses beacons and "no commission" to lure buyers and sellers in the housing market (so far, a few areas in California). The company today announced a new $3 million investment from Zeev Ventures and an additional $1 million from previous investors, bringing Reali’s Series A funding to a total of $9 million. Reali, which used part of its initial Series A funding of $5 million in May from investors like Signia Venture Partners to expand in the San Francisco Bay Area, now hopes to grow in other markets. The new $3 million in funding was given by investor Oren Zeev, who’s previously been involved with companies like Houzz, Audible, and Chegg. This is Zeev’s second investment into Reali, as he was part of the initial seed when the company launched. Zeev will be joining Reali’s board at an opportune time. The company has seen “50 percent growth quarter over qua...