{"id":3863,"date":"2023-01-11T17:09:08","date_gmt":"2023-01-11T17:09:08","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2023\/01\/11\/zavvie-lands-3-65-million-in-new-funding\/"},"modified":"2025-03-13T02:48:41","modified_gmt":"2025-03-13T02:48:41","slug":"zavvie-lands-3-65-million-in-new-funding","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2023\/01\/11\/zavvie-lands-3-65-million-in-new-funding\/","title":{"rendered":"zavvie lands $3.65 million in new funding"},"content":{"rendered":"\n

zavvie, <\/strong>a real estate tech company serving brokerages, landed $3.65 million in new funding, with $1.5 million in cash and $2.15 million in convertibles. The funding round was led by zavvie\u2019s existing investors, including Second Century Ventures<\/strong>.<\/p>\n\n\n\n

zavvie’s platform allows brokerages to offer a range of buying and selling options to clients, including power buying, buy before you sell, presale renovations, instant sales (iBuying) and rent-to-own. <\/p>\n\n\n\n

Lane Hornung<\/a>, CEO and co-founder of zavvie, says this year will be crucial for power buying because cash offers benefit first-time homebuyers. Presale renovations, which help homeowners sell their homes at a faster rate and a higher price, and rent-to-owns will also grow, he says.<\/p>\n\n\n\n

\u201cMost renters still want to buy a home, and with a Homeownership Accelerator program, they can rent their starter home today and own it tomorrow,\u201d Hornung added.<\/p>\n\n\n\n

zavvie\u2019s brokerage-assisted transactions increased by more than 400% over 2021, with triple year-over-year revenue growth. The company\u2019s footprint includes nearly every state, serving 75,000 agents.<\/p>\n\n\n\n

Tyler Thompson, managing partner at Second Century Ventures, which is backed by the National Association of Realtors<\/strong>, will join zavvie\u2019s board of directors. Thompson’s career spans<\/a> more than 15 years in the startup industry, including leadership positions at companies like Black Shamrock <\/strong>and Deductr. <\/strong>He is also the CEO and director of Avalon Digital Marketing Systems, Inc.<\/strong> and CaptureQuest, Inc.<\/strong><\/p>\n\n\n\n

In October last year, zavvie partnered with<\/a> CRM startup MoxiWorks,<\/strong> which aimed to integrate zavvie\u2019s offerings into MoxiPresent<\/strong> and expand its brokerage reach to include MoxiWorks\u2019 800 brokerages and 400,000 agents in the country. Two months later, Windermere Real Estate <\/strong>launched Windermere Offers,<\/strong> powered by<\/a> zavvie, which would allow a brokerage\u2019s clients to see iBuyer offers on their home.<\/p>\n\n\n\n

Along with these brokerage firms, zavvie also partnered with Kentwood Real Estate,<\/strong> a Berkshire Hathaway Affiliate, Helen Adams Realty, <\/strong>and Crye-Leike Real Estate Services.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

zavvie, a real estate tech company serving brokerages, landed $3.65 million in new funding, led by zavvie\u2019s existing investors.<\/p>\n","protected":false},"author":39545,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[2886],"class_list":["post-3863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nzavvie lands $3.65 million in new funding - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"zavvie, a real estate tech company serving brokerages, landed $3.65 million in new funding, led by zavvie\u2019s existing investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2023\/01\/11\/zavvie-lands-3-65-million-in-new-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"zavvie lands $3.65 million in new funding\" \/>\n<meta property=\"og:description\" content=\"zavvie, a real estate tech company serving brokerages, landed $3.65 million in new funding, led by zavvie\u2019s existing investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2023\/01\/11\/zavvie-lands-3-65-million-in-new-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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