Broker Public Portal partner Homesnap raises $14M in series B funding

Funds will be used to develop new, premium productivity tools for agents and expand the company's automated digital marketing services

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Inman Connect San Francisco, Jul 16-20, 2018

Mobile home shopping app Homesnap, the public face of the real estate industry's Broker Public Portal national MLS website, has raised $14 million in Series B funding led by Updata Partners with participation from Moderne Ventures (which inducted Homesnap into its 2018 Passport Class) among other individual investors. This brings the company's total capital raised to $32.8 million. “Homesnap delivers what consumers and agents want, and what the real estate industry needs. Now investors are saying we want to be part of that success too,” said Homesnap CEO John Mazur in a press release. The funding will, no doubt, also bolster the Broker Public Portal (BPP), the broker/multiple listing service-led venture that Homesnap partially owns and serves as the face of. BPP recently announced 150 percent year-over-year growth, which represents a jump from a user base of 45 MLSs to more than 120 MLSs comprising 800,000 agents and brokers, since joining forces with Homesnap in 201...