Homesnap Raises $14 Million in New Funding

Homesnap, a real estate technology company that provides a mobile productivity app and marketing platform for real estate brokers, agents and clients, announced this week that it plans to grow its offerings thanks to $14 million in new funding, reported Inman News. This brings the total funding to $32 million, which includes prior funding from Revolution, the venture firm started by AOL co-founder Steve Case.

According to the company, the capital raise comes on the heels of a year of record growth that saw Homesnap grow its revenue by 250% year-over-year.

Homesnap has registered about 400,000 real estate agents, who use its services to find out things like how long a home has been on the market and which agents are associated. The real draw is the real-time MLS listings that make it easier to match buyers and sellers, and Homesnap has been able to aggregate this in 125 metropolitan areas.

“It’s become a real hit with the industry,” CEO John Mazur told TechCrunch. “We’re building a mobile operating system for agents.”