Torii, a Boston, MA-based real estate technology company and licensed real estate brokerage, raised $1.4m in seed funding.
The backers were not disclosed.
The company intends to use the funds to expand its team, including a client-focused experience manager, as well as expanding its technology headcount.
Founded in 2017 by James Rogers and Zach Gorman, Torii uses data-backed tools and machine learning to increase brokerage efficiency and provide a superior experience to its clients. Buyers are matched with a licensed real estate agent or broker from Torii. It pays for its buyers’ closing costs, an average of $6,132 per purchase in 2019. The company also gives home buyers visibility into the home purchase process.
The mobile application (available on both Apple and Android devices) allows users to search for a property (using a Tinder-like search functionality), request property showings, make an offer, and track their home purchase from offer submission to the home inspection report.