Real estate technology company Homesnap raises $14 million for real estate intelligence
Rockville, Maryland-based Homesnap has come a long way from its days as a consumer-facing app for displaying information about local homes by taking a photo.
While its current app still works this way for prospective buyers, these days its core focus is for U.S. real estate agents, and close to 75 percent of them are said to be using it. The platform is equipped with hard-to-find data that helps them be better at their jobs — and they’re paying for it.
In a vote of confidence about its new direction, Homesnap has raised a $14 million Series B round led by Updata Partners, with participation from Moderne Ventures. This brings the total funding to $32 million, which includes prior funding from Revolution, the venture firm started by AOL co-founder Steve Case.