RealSage, a Toronto, Canada-based provider of data intelligence and AI solutions for the multifamily real estate industry, announced that it closed $1.6 million in funding to help RealSage continue its mission of revolutionizing the industry.
The round was led by Golden Section and Plug and Play Ventures, with participation from REACH (an early-stage arm of Second Century Ventures) and some prominent super angels and real estate family offices from the Toronto and California ecosystems.
"We are thrilled to have the support of such great investors and to bring the power of data intelligence and AI to the multifamily real estate industry," said Arunabh Dastidar, CEO and co-founder of RealSage. "With this funding, we will continue to grow our team and expand across North America, helping asset managers make more data-driven decisions and optimize their portfolios."
RealSagea employs machine learning algorithms and predictive AI models to uncover hidden trends and navigate challenging market conditions, resulting in more profitable portfolios for asset managers.
The platform is intended to promote collaborative workflow across all departments, with real-time dashboards that deliver actionable insights and forecasts to help businesses remain ahead of the competition.
The company is ready to continue its rapid expansion and provide innovative solutions to more asset owners and managers across North America.
Company: RealSage Inc.
Funding Month: April 2023
Lead Investors: Golden Section and Plug and Play Ventures
Additional Investors: REACH
Company Website: https://realsage.com/
Software Category: Data Intelligence Software
About the Company: RealSage is a provider of data intelligence and AI solutions for the multifamily real estate industry. The platform uses machine learning algorithms and predictive analytics to help asset managers make more data-driven decisions and optimize their portfolios. With a focus on eliminating manual processes and fostering a collaborative workflow, RealSage is revolutionizing the future of rental management by eliminating the manual reporting around spreadsheets and meetings that often lead to human error and hinders growth in the industry. RealSage is already being used by over 100 buildings across North America and is being accepted by industry leaders such as GreySpring Apartments, Drewlo Holdings, and Oxford Properties.