The investment signals strong support for the tech-powered short term rental housing market investment company
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.
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