Homesnap raises $14 million for real estate intelligence


Rockville, Maryland-based Homesnap has come a long way from its days as a consumer-facing app for displaying information about local homes by taking a photo.

While its current app still works this way for prospective buyers, these days its core focus is for U.S. real estate agents, and close to 75% of them are said to be using it. The platform is equipped with hard-to-find data that helps them be better at their jobs and they’re paying for it.

In a vote of confidence about its new direction, Homesnap has raised a $14 million Series B round led by Updata Partners, with participation from Moderne Ventures. This brings the total funding to $32 million, which includes prior funding from Revolution, the venture firm started by AOL co-founder Steve Case.

Homesnap has registered about 400,000 real estate agents, who use its services to find out things like how long a home has been on the market and which agents are associated. The real draw is the real-time MLS listings which make it easier to match buyers and sellers…

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