Opcity, an Austin, Texas-based real estate technology company, closed a $27m Series A financing.
The round was led by Icon Ventures, with participation from Georgian Partners, and LiveOak Venture Partners. In conjunction with the funding, Tom Mawhinney of Icon Ventures will join the Opcity Board.
The company intends to use the funds to scale its workforce and to expand its presence to real estate brokers nationwide.
Led by Ben Rubenstein, CEO and Founder, Opcity uses proprietary data and applied analytics to provide a technology platform that identifies transaction-ready buyers and sellers among the online real estate inquiries and delivers them to agents through brokers in real-time with no upfront cost.
Initially launched in some markets in 2016, the company has since scaled and today works with over 350 brokerages and more than 4,000 agents, spanning franchised brands including Better Homes & Gardens, Keller Williams, ReMax, Century 21, Berkshire Hathaway Home Services, and independent brokerage companies.