Real estate tech company Remine announced that it raised $30 million to grow its data-focused MLS platform.
Remine, the CVAR member benefit that was honored last year as one of HousingWire Magazine’s HW Tech100, partners with MLSs to offer real estate agents and their consumers an MLS platform that utilizes data and analytics to offer “actionable intelligence.”
The company currently partners with more than 40 MLS markets in the U.S., which covers more than 825,000 real estate agents.
“The role of a real estate agent is undergoing so much change, and Remine is all about building tools to keep them at the center of the transaction,” said Remine CEO and Co-Founder Leo Pareja, “by simplifying the daily workflow of agents lives on their desktop and mobile devices for a unified experience.”
And now with its new funding, the company plans to grow even more.
Where’s the Money
According to Remine, the company’s $30 million Series A funding round was led by Stripes Group, a New York equity firm, along with participation from existing investors.
“Remine’s vision is to empower the MLS industry with modern, open and scalable technology … while adding new reporting and safeguarding controls to ensure the integrity of its data,” said Mark Schacknies, chief financial officer and co-founder of Remine.
This funding round brings the company’s total funding raised to $48 million.
“Most PropTech is trying to disrupt the real estate agent, whereas the Remine team … has clearly recognized the opportunity to use leading edge technology to empower and enhance the agent’s capabilities,” Stripes Partner Ron Shah said. “We believe Remine’s platform will be the central element in the modern ecosystem connecting the real estate agent, the MLS and the consumer.”