DUBLIN, OHIO, Aug. 04, 2021 (GLOBE NEWSWIRE) — via InvestorWire — reAlpha, a cutting-edge technology company launching an innovative platform meant to empower everyone to invest in the $1.2 trillion short-term rental market, today announced it 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.
“reAlpha enables superior alpha yield by investing in short-term rental properties. We have simplified the entire process of investing and managing these properties using advanced technologies. This allows ‘Mainstreet’ investors to access the real estate investment market like never before,” said Giri Devanur, CEO of reAlpha.
As part of overall customer preference trends, the heightened desire for short-term rentals is changing hospitality and travel on a global scale. Because of this, a new wave of investment opportunities in real estate have emerged. reAlpha’s unique model allows consumers to benefit from both the superior returns of short-term rental income as well as the increase in property value through renovations and appreciating market conditions. Through reAlpha’s network, investors will be able to invest in vacation homes, democratizing access to the real estate market.
