Reggora, an appraisal software company that is modernizing residential real estate valuation, today announced the successful completion of its $30 million Series B funding round led by returning investor Spark Capital, a venture capital firm responsible for early-stage funding of numerous successful startups including Twitter, Wayfair, Plaid, and Slack. The round also featured contributions from returning investors Boston Seed and 1984. New investors included Shine Capital and Greenpoint Partners, among others.
This financing brings the total capital raised by the company to more than $45 million. Reggora intends to use the proceeds from this round to support technology and engineering investments that will further scale the company.
Reggora is driving appraisal innovation with a modern, two-sided platform for mortgage lenders and appraisal vendors. Through advanced and customizable workflows, Reggora streamlines the entire appraisal process for everyone involved, while improving the overall buyer experience. Lenders and appraisers benefit from payment processing, algorithmic appraisal ordering, automatic rule-based reviews, appraisal delivery, status updates, and more, creating unprecedented operational efficiency.
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