Fundz

Purlin Closes Seed Round And Announces Strategic Relationship With Douglas Elliman

PRIVATEJan 11, 2022

Round Type

Seed

United StatesSoftwareData And AnalyticsMobileAppsArtificial Intelligence

Description

Purlin Co. (www.purlin.com) announced today that New Valley Ventures, the property technology investment vehicle of Douglas Elliman Inc. (NYSE: DOUG), along with Redwood Trust Inc. (NYSE: RWT), through its strategic venture investment platform, RWT Horizons, and angel investors, affiliated with the Band of Angels, have invested a combined $1.5 million in the AI-driven real estate and fintech start-up

Quick answer

Purlin raised an undisclosed amount in a Seed round, dated January 11, 2022. Purlin is based in United States.

How much did Purlin raise?
Purlin raised an undisclosed amount in a Seed round on January 11, 2022.
What does Purlin do?
The strategic investment from RWT Horizons validates Purlin's roadmap as the company leverages its platform to support the entire homebuying process.
Where is Purlin based and how big is it?
Purlin is based in United States.

Source: Fundz verified event record.

Who else raised in Data And Analytics and Mobile around the same time

Companies in the same sectors as Purlin that raised within 45 days of this round, from Fundz verified event records.

  • Wispr AI raised $4.6M (Seed) on November 30, 2021.
  • RIOS raised $28M (Series A) on February 24, 2022.
  • Bloomreach raised $175M on February 23, 2022.
  • Seb raised an undisclosed amount (Post-IPO Equity) on February 22, 2022.
  • Decodable raised $20M (Funding Round) on February 22, 2022.
  • 6 Estates raised $6.2M (Series B) on February 21, 2022.

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Company Information

Company

Purlin

Location

United States

About

The strategic investment from RWT Horizons validates Purlin's roadmap as the company leverages its platform to support the entire homebuying process. "Purlin is a core component of our strategy to use technology-enabled services to simplify our agents' business as it relates to AI and home-search while unlocking great value for shareholders," said Scott Durkin, CEO of Douglas Elliman Realty, LLC. Purlin is the first company to combine together AI, machine learning, and natural language processing with image recognition to sort through millions of listing photographs and identify the specific rooms, features, and styles that will most appeal to a given buyer.

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Purlin raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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