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Privy, a Denver-based provider of real estate investment software, has successfully raised $4 million in Growth funding. This round of funding saw participation from Cypress Growth Capital. The company’s primary focus with this investment is to further develop its product, enhance customer experience, and expand its sales channels.
Founded by Scott Fahl, Privy offers a comprehensive real estate investing platform designed to cater to both seasoned investors and those new to the field. Their SaaS solution utilizes innovative technology to identify, analyze, and track markets, enabling users to uncover investment opportunities regardless of their level of experience or prevailing economic conditions. Leveraging direct-to-MLS data and patented Investor CMA technology, Privy provides users with in-depth analysis, transaction volume insights, and tools to maximize returns while minimizing risk.
By leveraging extensive market data from various sources, including Multiple Listing Service (MLS) data, Privy’s platform employs proprietary algorithms to pinpoint properties with the highest potential for success and low-risk investment opportunities.
Commenting on the news, Scott Fahl said: “This is such an exciting time for us at Privy. Cypress Growth Capital is the type of partner we needed. They have the experience to help us scale strategically and understand what we mean when we say we want to change the real estate investing game.”
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By Proptechbuzz
By Ravi Kumar
