Company News

Posted:
Monday January 8/2018

Estated is proud to announce the closing of our Series A funding

Estated is proud to announce the closing of of our Series A funding round with $3 Million in backing from four technology investors, including the illustrious Foundry Group, and Techstars Ventures.

This funding milestone comes in the final stages of development for our new and improved rebrand of data API and property report products under our new brand, Estated.

Estated Data, our new API product, will enable developers, programmers and data scientists to enrich their existing applications immensely, while also improving their business operations and supplementing management teams with a full suite of easily implementable of data points from property details and valuation to crime, safety, climate and utilities information. The property data API looks to provide solutions across all relevant industries, servicing companies in real estate technology, energy, home services, mortgage lending, marketing and more.

Estated Reports aims to revolutionize the homebuyer experience by leveraging our improved valuation model paired with existing core data including extensive property details with information on owners, possible residents, damage risks and climate risks, financial history, and crime information.

From these two core products, Estated will develop accompanying, supplementary products and features to be announced shortly. These flankers will leverage and build upon our growing data science foundation and seek to develop more intelligent insights. The US residential real estate market is currently valued at over $36 trillion and sees approximately 5.5 million homes sold annually, making the need for intelligent property data essential to the growth of the industry. With 9 in 10 home buyers using online resources and 51% of buyers finding the home they ultimately purchase on the internet, it has never been more fertile for disruptive property tech.

Historically, the industry lacked quality insights accessible to the average consumer, and is still reliant on antiquated technologies. We have turned this gap into our personal mission statement, as consumers and businesses are entitled to deeper insights with analytical rigor and beautiful data visualizations to make better decisions.

Revolutionizing Real Estate

CEO and Founder Joshua Fraser saw the potential for such a company years ago when considering the difficulties and roadblocks of the homebuyer process in his own life. After carefully researching the possibility of a “CarFax for houses”, he found that his dream solution did not yet exist, inspiring him to gather a team and they build it themselves.

“As we continued to build the product and gather data, we realized it was a bigger opportunity than we thought. Not only were we doing something brand new, but we were entering an industry ran on outdated models with an exceptional and youthful team.”

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About Data Nerds

Data Nerds, founded in 2014, is a company focused on aggregating, digitizing, and standardizing property data and presenting it to consumers through their API and intuitive line of products. Their rapidly expanding pool of proprietary data, effective models and evolving analytics will allow them to be the go-to property supply and analytics solution for years to come. Data Nerds is financed $3 Million in Series A, with it’s notable investors including Foundry Group, Next Big Ventures, V1.vc and Techstars Ventures.