reAlpha, a tech-powered real estate investment company, has closed on a $6 Million investment round. Crawford Hoying, a $1.3 billion real estate holding company in the Midwest, is the lead investor in this round.
Brent Crawford, the founder and Principal of Crawford Hoying said, “reAlpha’s data-driven approach is a paradigm shift for the short-term rental investment market. The proprietary technology developed to identify, acquire, and market properties with lower risk is a big leap. We strongly believe in the team’s conviction and vision to scale this into a leader in this space.”
The new funding will accelerate reAlpha’s growth, including investment in its platform, data science function and engineering capabilities. Additionally, the proceeds will be used towards expanding its geographical presence, operations, and member network.