Homesnap, a Rockville, MD-based real estate technology company, raised a $14m Series B funding round.
The round, which brings total capital raised to over $32m, was led by Updata Partners, with participation from Moderne Ventures and individual investors.
The company intends to use the funds for the development of new premium tools to allow agents to further increase productivity in the field and to power automated digital marketing for agents and brokerages.
Led by CEO John Mazur, Homesnap provides a mobile platform for agents and brokerages – available to agents in more than 125 MLSs representing over 800,000 agents. Its mobile real estate app is powered by a specialized homes database that combines MLS data, property tax records, census data, geographic boundaries, etc. Homesnap is also the brand of the Broker Public Portal, a collaborative venture between real estate brokerages and MLSs to create a national consumer home search portal that provides consumers with direct access to property information while adhering to fair display guidelines.
Other investors in the company include Revolution.