Propy Raises $100 Million to Reimagine Real Estate Transactions With AI
Propy, a tech company using AI and blockchain to automate real estate closings, today announced that it has secured a
The announcement reflects a confluence of trends: mounting pressure to address the housing affordability issue, and AI reaching enterprise reliability. Transaction costs can approach 10% of a home's value due to multiple parties involved in the process and manual fragmented workflows. In many cases, associated fees and closing costs exceed the down payment itself, eliminating years of savings for
Propy has seen strong inbound M&A interest for its roll-up strategy, completing a second
"We're building the infrastructure layer that allows real estate to operate on par with modern financial markets: AI-enabled and more liquid," said Natalia Karayaneva, Founder and CEO of Propy. "Multi-agent orchestration will allow transactions to become so smooth and cheap, that the new generation will be buying homes anytime they change a city. Instead of 4-7 million homes sold every year, we believe we'll witness 20 million homes changing hands."
Accelerating National AI-Led Roll-Up Strategy
Propy plans to acquire firms generating
Metropolitan structured the facility around licensed, cash-flowing title businesses, funding operational transformation with built-in downside protection.
"We are pleased to support Propy as it brings much-needed efficiency and transparency to residential real estate transactions," said
Since 2021, Propy has processed more than
Propy's advisory board includes
About Propy
Propy is a tech company with licensed title and escrow operations powered by AI and smart contracts. Propy's platform automates the entire real estate closing process, from offer to deed recording, allowing transactions to occur 24/7 with fewer intermediaries, less paperwork, and higher security. In doing so, Propy is removing inefficiencies with outdated legacy systems and removing cost barriers that prevent access to real estate. For more information, users can visit Propy.com.
About Metropolitan Partners Group
Founded in 2008, Metropolitan Partners Group is a
Contact
PR Director
Karla Vilhelem
Propy
[email protected]
(754) 215-4315
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SOURCE Propy
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