| |
SoloPro has raised $1.1M to further its mission to empower both homebuyers and real estate agents. SoloPro's first round of funding, led by Oxpoint Investments and Buchanan Ventures, includes investments from Blue {Seed} Capital, Arnold Capital, and a number of angel investors.
"Technology has revolutionized commerce, but the real estate industry has largely been left behind,” says Paul Arnold of Arnold Capital. "SoloPro is an innovator in an inefficient market, and its model will scale rapidly. Led by an exceptional founding team, SoloPro has tremendous potential.”
SoloPro offers homebuyers a full 3% rebate on their home purchase and connects buyers to real estate agents offering unbundled services. SoloPro also empowers agents to work on their own terms the services they love, on the schedule they want, at the prices they set. With nearly two years of runway, SoloPro will use the funding to refine its product based on user feedback.
"We're excited to partner with a phenomenal group of investors who share our vision: empowering homebuyers and agents to tailor the process to their unique needs,” says SoloPro Co-Founder and CEO Tommy Sowers.
"This funding gives our team the freedom we need to refine a new model for the real estate industry one that returns choice to buyers and creates new opportunities for agents.”
SoloPro's recent pilot launch in Raleigh-Durham, NC validated the model as both real estate agents and buyers joined SoloPro's online marketplace. The SoloPro founders bring decades of multi-sector leadership and clear vision to SoloPro, and will present their new model to the leaders of the real estate industry today at the Realogy FWD summit.
Please direct media inquiries to Nathan[.]solopro.com.
|
tommy[.]solopro.com 
