Privy (a real estate investment software platform providing curated information to individual investors and real estate agents focused on residential investment opportunities and wealth-building) announced it raised $4 million in non-dilutive growth capital from Cypress Growth Capital. Launched in 2019, over the past two years, Privy grew its customer base by 1000%, setting itself apart as a prop-tech success story that allows real estate investors and agents to find profitable deals with “push button” simplicity.
The company’s platform culls extensive market data from various open and exclusive sources, including Multiple Listing Service (MLS) data. Then it applies proprietary algorithms to identify those properties most likely to be successful, low-risk investments.
This funding round underscores confidence in Privy’s unique position in the real estate investing space. And the additional capital will be used to further invest in the product, improve customer experience, and build sales channel expansion, including a series of speaking engagements with Scott Fahl.
KEY QUOTES:
“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.”
- Scott Fahl, Founder and CEO of Privy
“Privy has an innovative SaaS solution serving a rapidly growing segment of the real estate investment market.”
- Cypress Growth Capital Managing Director Vik Thapar
