The Facts About Movoto Company Profile: Acquisition & Investors - PitchBook Revealed

When a house purchaser is all set to meet a property agent, Movoto uses an instant introduction to a regional representative who knows the marketplace and how to browse the home buying procedure effectively.  Try This  are invited to sign up with the business's network just after passing a strenuous screening process that ensures that each agent is a reputable regional property professional that can meet the requirements of property purchasers in today's complicated market environment.

com are offered free of charge to consumers. There is no commitment to buy a house with an agent who partners with the service. Established in 2005, Redwood-City-based Movoto is led by a skilled team of realty market veterans and web technology specialists with a shared vision of empowering genuine estate customers.

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Movoto's expanded service includes homes for sale in Brooklyn, Queens and Nassau and Suffolk Counties in the New York city area to Movoto's present coverage of homes for sale in California, Colorado, Delaware, Massachusetts, Maryland, New Jersey, Virginia, Georgia, Washington DC, Dallas-Fort Worth, Texas, San Antonio, Texas, Houston, Texas, Tennessee and the Orlando, Miami, Jacksonville and Tampa/St.

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OJO co-founder & CEO John Berkowitz OJO Labs, an Austin-based startup with an AI-powered digital home-buying assistant, has raised $62. 5 million in fresh capital and will acquire Movoto, a domestic listings website, the business said Wednesday. OJO said the Series D was led by Wafra with involvement from Breyer Capital, Live, Oak Venture Partners, Royal Bank of Canada and Northwestern Mutual Future Ventures.

Forbes first reported the financing round. Movoto is among the 5 biggest domestic search websites, with 24 million regular monthly visits, behind industry leaders Zillow and John Berkowitz, OJO's co-founder and CEO, said the company's digital advisor will be integrated into Movoto's listing portal to assist customer searches. Movoto is likewise a certified brokerage in 50 states.

But he stated he's less concentrated on beating third-party listing sites than he is on reinventing the search process. "We see ourselves as an end-to-end platform in a sea of point services," he stated. The pandemic has generated "much deeper concerns" and "more hesitancy" from purchasers for whom OJO's digital advisor is more pertinent.

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In 2018, it acquired Wolfnet Technologies, which standardizes data for numerous listing services. In March, OJO Labs announced a collaboration with Realogy to veterinarian and sustain client leads for representatives.