XMarket, a Brazilian online marketplace for real estate, vehicle and second hand items, raised $850k in seed funding.
Backers included angel investors Dror Efrat, Marc Green and Yoram Yaeli.
The company intends to use the funds to continue to develop the platform, which is set to launch in the fourth quarter later this year.
Led by CEO and Founder Lonny Szneiberg, XMarket is a marketplace for consumers to buy and sell real estate, vehicles and second-hand products. It will feature an interface for buyers to reach the items they are looking for, and communicate to sellers.