Real estate B2B platform RealConnex has closed a $3.5 million strategic financing round led by Silver Portal Capital, who will adopt the RealConnex platform. The funds are earmarked for marketing, staffing and resource development.
Founded by Roy Abrams, RealConnex aggregates the commercial real estate community and connects its members to capital, investment and services. It sports 65,000 active users and a 200,000-member database of companies, individuals and funds and is on track to have 6,000 registered capital sources, 9,000 investment opportunities and more than $1 billion worth of deals in place by year end.
Mr. Abrams looks forward to Silver Portal Capital’s contributions.
“As one of the real estate industry’s leading investment and merchant banking firms, SPC has deep expertise and resources to help us expand our user base and deal flow. We expect to emerge as the world’s largest community where real estate professionals network, connect and transact.”
There are advantages for Silver Portal Capital too, senior managing principal Jean-Louis Guinchard said.
“We see a significant competitive advantage in working with a technology partner like RealConnex. They intimately understand professional real estate and technology, and they are poised to affect the market in a material way. Our investment will help the company scale into the largest real estate professional network.”