Faira, a Seattle, Wa-based real estate technology startup, secured an additional $1.2m in funding.
The round, which brought total funding to $2.73m, was led by Mark Hager and Himel Capital with participation from Amit Mital, an angel investor with early investments in Redfin, Zillow and OfferUp, and R. Ravi, Carnegie Mellon Tepper School of Business professor.
With this additional funding, the company will expand to the San Francisco Bay Area.
Led by Kamal Jain, CEO and Co-founder, Faira offers an online home sales marketplace that solves the complex problems of buying and selling for both home sellers and buyers in a fair, transparent and modern process.
Faira is free for sellers and provides an MLS listing, independent home inspection, professional photography, marketing materials and an online offer platform. The inspection, title report and seller’s disclosures are posted on the website for buyers and agents to review. Buyers can make an offer from both mobile and desktop devices. All offers are available for review, including timing and value of the offers submitted.
An expert, dedicated customer success team supports sellers through the home sale process.
In Seattle, the platform listed over 100 homes in 2016 and is on track to triple the business in 2017.