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Entera Raises $7.5M to Expand Residential Real Estate Technology Platform to Professional Investors

November 25, 2019 GMT

SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--Nov 25, 2019--

Entera, the premier real estate technology platform that enables investors to efficiently access, make data driven decisions and purchase residential real estate, announced it has raised $7.5 million in funding. The round was led by Bullpen Capital and Craft Ventures, with participation from ValueStream Ventures and industry leader Chris Heller, former CEO of Keller Williams and currently the Chief Real Estate Officer of OJO Labs. Real estate investors use Entera to access 20% more properties, make confident decisions, and win twice as many properties at 2.5x faster rate than the traditional process in the market.

“Real estate markets have long since moved online, but prior to Entera, there was no unified platform designed for professional real estate buyers and funds, a large and growing segment, to find, price or transact,” said Eric Wiesen, general partner at Bullpen Capital. “As more professional capital moves into residential real estate, companies like Entera who provide leading technology and tools and a highly experienced team will play a critical role.”

Entera will use this capital to expand the reach of its technology platform, and continue to build out its world class team who have serviced over $12Bn of single family transactions. As traditional methods of investing in residential real estate prove to be inadequate, Entera changes the game by offering access to on & off-market properties at scale, machine learning discovery, powerful decision tools, and local tech-enabled transaction services.

Many of the largest residential real estate investors use Entera daily to find, choose and buy homes across 13 markets. “Similar to brokerages like E-Trade and Charles Schwab, Entera delivers 100% cloud-based enterprise level solutions that enable investors to make the best decisions and buy with ease,” said Co-founder and CEO Martin Kay. “With hundreds of thousands of available properties our platform unlocks billions of dollars of investment capital looking to enter residential real estate in a meaningful way.”

“Entera’s platform, with its intuitive tools and user-friendly interface, is the real estate application that professional buyers and funds have been waiting for,” said Lainy Painter of Craft Ventures. “This technology will let people buy and sell properties with ease, transparency and confidence, enabling investment capital to flow far more freely into residential real estate.”

ABOUT ENTERA

Launched in 2017, Entera enables investors to easily find and buy residential real estate. Powered by machine-learning, Entera’s end-to-end residential real estate investment platform modernizes the real estate buying process. Entera’s proprietary discovery algorithms, intelligent tools and tech-enabled local expert real estate service team help our clients access and evaluate more properties, make data-driven investment decisions, and win more deals - 100% online. The largest residential real estate investors rely on Entera to source and buy properties at scale everyday. Entera is based in San Francisco, New York & Houston, with satellite service offices in 13 additional markets across the US.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191124005064/en/

CONTACT: Sara Griggs

press@entera.ai

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA NEW YORK TEXAS

INDUSTRY KEYWORD: TECHNOLOGY OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE SOFTWARE CONSTRUCTION & PROPERTY INTERNET REIT

SOURCE: Entera

Copyright Business Wire 2019.

PUB: 11/25/2019 01:00 AM/DISC: 11/25/2019 01:00 AM

http://www.businesswire.com/news/home/20191124005064/en