Real Estate Tech Companies continue to draw venture capital

A new real estate tech company in Miami has announced that it has received $4M in venture capital. It is no secret that investors keep pouring money into companies that are looking to shake up the real estate market. This has been going on for years with companies like Red Fin, that everyone thought would totally shakeup the market years ago. We are still waiting.

But having said that, I do think that things are different now. The technology to simplify the real estate transaction process and reduce costs are now here. But the secret formula to doing this consistently still needs some work. Even with all the millions of dollars that have poured into these real estate tech companies, over 90% of real estate transactions are still being conducted by traditional real estate service companies. Only time will tell if the new tech companies have the magic formula to succeed.

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