Balcony announced it has raised a $12.7 million seed financing round led by Blockchange Ventures, bringing the company’s total funding to $14 million as it expands infrastructure designed to modernize property records across the United States.
The company said the funding will support development of what it describes as “digital rails” for the U.S. real estate economy and help scale engineering and go-to-market operations nationwide.
Balcony develops infrastructure that integrates with county property record systems to digitize and organize land records into connected data layers intended to support title insurers, mortgage lenders, government agencies, and capital markets participants.
According to the company, its Keystone infrastructure platform is already helping government agencies manage and secure more than $400 billion in property value.
Balcony said the U.S. property market remains fragmented across more than 3,000 county offices that maintain land records through disconnected legacy systems, creating inefficiencies and operational risks across the real estate ecosystem.
The company’s platform is designed to create a unified 360-degree parcel view while supporting applications such as fraud prevention, ownership verification, and property intelligence.
Balcony also highlighted its mTrace platform, which provides intelligence-driven threat detection capabilities for government agencies.
As part of its recent expansion, Balcony signed a five-year agreement with the Bergen County Clerk’s Office in New Jersey to digitize approximately 370,000 property parcels representing around $240 billion in real estate value.
Blockchange Ventures said the investment reflects the growing importance of securing and modernizing the U.S. property records infrastructure.
KEY QUOTES:
“For counties like ours, modernizing how land records are organized and accessed is critical. Balcony’s platform works alongside the systems we already use to help us organize decades of records in a way that improves transparency and makes information easier for both our office and the public to access.”
John Hogan, County Clerk, Bergen County, New Jersey
“We have a profound respect for the public records that counties steward. Our role is to partner with these public servants to build a modern, secure, and connected data layer upon that bedrock. We are not replacing their critical systems, but rather building the digital rails alongside them to ensure these foundational records can power a more transparent and secure market for the next century.”
Gregg Lester, Co-CEO And President, Balcony
“Property ownership is a pillar of our economy, and in today’s world, it’s also a matter of national security. The drive to build these digital rails is imperative because our fragmented, century-old system is vulnerable. Balcony’s unique ability to create a verifiable and connected view of land records is the gamechanger, empowering governments to protect against fraud and monitor foreign ownership, which in turn builds the foundation of trust required to finally modernize the rails for the entire real estate economy.”
Ken Seiff, Managing Partner, Blockchange Ventures
