Revestor, a San Diego, CA-based start up that operates a new online real estate site, is seeking $2m in Series A funding.
The company is working with different angel investors and venture capitalists to secure capital to develop, roll-out, and expand the product.
Founded by San Diego entrepreneur Bill Lyons, Revestor uses a patent pending algorithm to compile data from an array of sources to generate key real estate indicators, allowing buyers or investors to search for residential properties in real-time via the web or a mobile app.
Features include the ability to analyze cap rates, cash flow, potential profits, etc.
http://youtu.be/sC1bZ3RzKzQ
The website, which is set to launch in San Diego on November 30th, 2011, is expected to be monetized through vendor advertising and premium subscriptions.
FinSMEs
23/11/2011