Reali announced Wednesday that Israel-based real estate and financial technology firm Reali has received $ 250 million in new funding.
The funding round includes $ 75 million in equity, $ 25 million in venture capital debt, and $ 150 million in warehouse funding.
Zeev Ventures led the round featuring Akkadian Ventures, Signia Ventures and more.
The company currently boasts over $ 300 million in total funding, with Zeev leading previous rounds.
Founded in 2015 by Ami Avrahami and Amit Heller, Reali was created to change the way people perceive the purchase and sale of a home by prioritizing consumer interests through a team of local licensed real estate agents, an app that enables transactions between buyers and real estate sellers and other technology-oriented tools.
Reali will use the new funds for planned national expansion and promotion of its products. Reali Trade-In and Reali Cash offer services that help home buyers eliminate contingencies from their offerings and are especially useful in today’s hot housing markets.
In addition to Reali’s in-house agents and an in-house team of specialists who collaborate and communicate around the clock, Reali offers a wide range of alternative financing solutions. According to the company, Reali Trade-In allows you to simultaneously sell an existing home and buy a new home as part of an agreed deal. This eliminates the pain of resale contingencies, double moves and two mortgages paid off at the same time. Reali Cash Offer allows buyers to purchase their dream home with a competitive, all-money-backed offer backed by Reali. These solutions help buyers and sellers gain a competitive edge and close deals faster.
“This fundraiser confirms Reali’s commitment to simplifying one of the most difficult and stressful transactions in life. After a year of tremendous growth, the results of our high-tech and interactive approach resonate with our customers, ”said Tyler Baldwin, CEO of Reali. “As we continue to expand, we are delighted to find investors and partners who share our vision of expanding our offering to new markets and continuing our commitment to meeting the individual needs of our customers.”
“In a competitive marketplace, proptech Reali stands out for its constant focus on the consumer and its commitment to transform the complex process of buying or selling a home. They streamlined the process and developed innovative financial solutions that meet the unique needs of today’s consumers. Tyler and his team are well positioned to take the company to the next level, and we are proud to expand our investment in Reali as the company continues to change the path of home ownership on a much larger scale, ”said Oren Zeev and Zeev. Enterprises.