Rockville-based Homesnap raises $14 million Series B - Technical.ly DC

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Feb. 15, 2018 11:36 am

Rockville-based Homesnap raises $14 million Series B

The real estate tech company has grown with its mobile app for real estate agents.

Homesnap reported growth of its professional app in 2017.

(Photo via Twitter)

Rockville, Md.–based Homesnap, which makes an app lets you find about the real estate info of a property after snapping a photo, just closed a $14 million Series B. The company, which was founded in 2008, reported a record year of growth.

The funding round was led by Updata Partners, Moderne Ventures and individual investors. The company has raised $32 million, and other investorsinclude D.C.–based Revolution. The funds will pay for tech improvements to help real estate agents in the field and automated digital marketing.

“Our goal is for every agent – and their clients – to use Homesnap every day to do their jobs better, and this funding will make that goal a reality,” said Homesnap CEO John Mazur in a statement.

The company states that 71 percent of real estate agents now have access to the professional version of the app. Homesnap is also home to the national home search platform Broker Public Portal, and 125 market listing services representing over 800,000 real estate agents reportedly share listings with the site. 

“Homesnap pioneered mobile solutions for agents, and Updata is excited to support its continued expansion,” said Carter Griffin, General Partner at Updata, in a statement. “Demand for verticalized software solutions continues to increase and Homesnap equips agents with the most effective solution in real estate we have seen to date.”

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