TMCnet News
Real Estate Dealmaking Platform RealConnex Raises $3.5 Million in Series A Financing RoundRealConnex, the first online platform that connects the entire real estate ecosystem, announces the completion of its $3.5 million Series A financing round led by Star Capital, a U.S.-based investment group. The funding will be used to accelerate the domestic rollout, drive the company's global expansion and hire top talent. RealConnex links investors, lenders, developers, advisors and other service providers to capital, services, opportunities and each other. It allows members to identify, broaden and deepen relationships. The easy-to-use platform provides a technology-driven alternative to the traditional real estate deal-making process that relies on pre-formed relationships and personal connections. In recognition of its potential to reinvent the real estate industry, RealConnex was recently named one of the top 150 new startups in the world at the renowned Web Summit in Dublin. "Since our launch a couple of weeks ago, we've already seen incredible growth. This new funding will help us to scale rapidly and meet the needs of our growing global customer base," said RealConnex CEO Roy Abrams. The Series A funding was raised through significant investments from a number of private individuals and Star Capital, led by its Principal Managing Partner David Rozinov. "RealConnex is led by an experienced team with a deep understanding of both real estate and technology. It's a unique combination that works and they have created a platform with the potential to materially change the real estate industry," said Mr. Rozinov. "The site is unlike anything we have seen in the market and we are excited about our involvement." Star Capital is also creating the RealConnex Opportunity 1 Fund, a $100 million opportunistic fund to finance projects listed on the RealConnex platform. This financing adds to the $1.5 billion in available equity already registered on the platform, demonstrating that RealConnex is quickly becoming the leading destination for real estate investors. Key features of RealConnex include:
Abrams and a talented team of advisors including Kevin Eyres, the former Managing Director of LinkedIn (News - Alert) Europe, are leading the company's global expansion. Eyres, LinkedIn Europe's first employee, previously oversaw the development of LinkedIn's European strategy and initiatives. "Much like LinkedIn, RealConnex fills a void in the marketplace. And users are responding positively to the site's easy to use platform and functionality that streamlines real estate deal-making," said Mr. Eyres. About RealConnex RealConnex is a B2B real estate deal-making platform designed to connect the entire real estate ecosystem on one platform and make more transactions happen faster and more efficiently. The simple to use RealConnex platform democratizes corporate real estate deal-making by enabling users to easily find capital, lenders, services, investments and opportunities in real time, that meet their needs. More information on RealConnex can be found at www.RealConnex.com. About Star Capital Star Capital is a growth equity investment group founded by seasoned international executives. The firm looks for entrepreneurial teams that can deploy capital on an efficient basis to significantly alter their growth trajectory and create lasting value. Star Capital's experienced investment professionals can deploy capital resources across various sectors in the United States and selected emerging markets. More information is available at www.starcapitalfund.com. |
