Agent Ace, a Santa Monica, CA-based data-driven real estate agent recommendation service, acquired fypio, a real estate company that provides a personalized, lifestyle-driven search experience for home buyers.
The two companies have merged to create OpenHouse, a new real estate lifestyle search company that combines property search, data-driven real estate agent recommendations and neighborhood and community information.
The new company also secured $13.5m in Series A funding in a round led by Triangle Peak Partners and March Capital Partners, with participation from additional investors.
Prior to the acquisition and merger, Agent Ace has raised more than $6 million in funding, is available in more than 75 major U.S. metro areas and is a licensed real estate broker in 37 states, with more on the immediate horizon.
Founded in 2013, fypio has received $2.4m in funding.
OpenHouse combines Agent Ace’s objective real estate agent recommendation service with fypio’s personalized home search, giving consumers a comprehensive way to find a home and to connect with a fitting agent.
It is currently available for iPhone in the App Store and on the Web, and will soon be available via a desktop version on TheOpenHouse.com. The app is live in 14 metropolitan areas, and will continue rolling out to additional metros nationwide in early 2016.
Founded by Mazen Fawaz in 2010 (CEO of OpenHouse), Agent Ace signed and launched strategic partnerships with major U.S. companies in the insurance, financial services and employee benefits sectors. fypio’s founder John Kvasnic has been appointed chief product officer of the new company.
FinSMEs
20/11/2015