Remine Raises $30 Million to Build the Next Generation Real Estate Platform for the MLS and Agents
Tuesday, February 12, 2019
Fairfax, Virginia, February 12, 2019 (PRNewswire) – Remine, a real estate data and analytics company, today announced a $30 million Series A funding led by Stripes Group, a New York-based growth equity firm with investments in a number of advanced software, data analytics and enterprise technology companies, including Flatiron Health, Sift Science, SPINS and Upwork, among others. Existing investors participated, bringing the total funding to date to $48 million.
“Remine’s vision is to empower the MLS industry with modern, open and scalable technology which supports front end and input of choice, while adding new reporting and safeguarding controls to ensure the integrity of its data. Stripes shares our passion for building the next great MLS platform and marketplace for our generation,” said Mark Schacknies, CFO and Co-Founder of Remine.
Remine has agreements with more than 40 of the most prestigious MLS markets in the US which covers more than 825,000 real estate agents and their consumer clients. Remine offers the following benefits to MLSs:
- MLS front end platform that uses big data to provide agents with actionable intelligence
- A full stack platform for the MLS to support front ends and add/edit of choice
- Unified database API of public record data, contacts, saved search and MLS data
- MLS consumer portal that syncs both desktop and mobile
Stripes Partner Ron Shah said, “Most PropTech is trying to disrupt the real estate agent, whereas the Remine team, comprised of seasoned former practitioners and sophisticated technologists, has clearly recognized the opportunity to use leading edge technology to empower and enhance the agent’s capabilities. We believe Remine’s platform will be the central element in the modern ecosystem connecting the real estate agent, the MLS and the consumer.”
“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, by simplifying the daily workflow of agents lives on their desktop and mobile devices for a unified experience,” said Leo Pareja, CEO and co-founder of Remine.
Remine is an MLS platform in 40 markets and available to more than 825,000 agents and their clients. Remine uses big data and machine learning to automate decisions and workflows for the most comprehensive agent and consumer search experience. For more information on Remine, please visit www.Remine.com.
About Stripes Group
Stripes Group is a leading growth equity firm that brings a unique, entrepreneurial approach to investing in high-growth SaaS and Consumer businesses around the world. For over a decade, Stripes has been partnering with market-defining companies to provide them with the support they need to accelerate growth and achieve their long-term vision. Stripes’ mission is to have a culture, set of resources and expertise that provide entrepreneurs with an unparalleled advantage in markets that are evolving rapidly due to changes in technology and consumer behavior. For more information on Stripes Group, please visit www.stripesgroup.com.