Reali, a San Mateo, Calif.-based real estate and fintech company, closed a $250m financing round.
The round, which included $75m in equity, $25m in venture debt, and $150m in warehouse financing, was led by Zeev Ventures with participation from Akkadian Ventures, Signia Ventures, and others.
The company, which has raised more than $300m in total funding, intends to use the funds for national expansion and product advancements to its Reali Trade-In and Reali Cash Offer services.
Led by Tyler Baldwin, CEO, Reali is a real estate and fintech company which provides a wide range of alternative financing solutions that helps homeowners in in process of buying and selling at the same time. Customers can buy and sell in one coordinated transaction, eliminating resale contingencies, moving twice, and paying two mortgages at once.
In addition to salaried in-house agents and an in-house team of specialists who collaborate and communicate 24/7, Reali offers a wide range of alternative financing solutions, including:
- Reali Trade, which makes it easy to simultaneously sell an existing home and buy a new home in a coordinated transaction, and
- Reali Cash Offer, which allows buyers to purchase a home with an all-cash offer backed by Reali.