NEW YORK--(BUSINESS WIRE)--Haystacks.AI, a data aggregation and intelligence platform for real estate investors, today announced a $5 million seed round led by Streamlined Ventures and Colle Capital. The new funding will immediately accelerate the Company’s product development and expansion efforts for its REMaaS (real estate management as a service) offering as the flow of institutional capital continues to follow technology-enabled and data-backed investment capabilities.
Founded in January 2021, Haystacks.AI is a leading real estate intelligence platform that facilitates the entire real estate investing lifecycle. Haystacks.AI layers in numerous sources of unstructured ancillary/alternative data, including sentiment data, on top of primary structured real estate data, to augment investment decisions at scale and identify new opportunities for asset classes such as single-family rentals, where data remains opaque.
“We are thrilled to have Streamlined Ventures and Colle Capital as partners in our recent funding round, and believe their expertise in helping early stage companies rapidly scale their businesses will be invaluable. We look forward to delivering a solution that drives alpha and surfaces possibilities that were previously untapped for real estate investors to quickly grow their portfolios,” said Sourav Goswami, Founder of Haystacks.AI.
“We are extremely excited to be partnering with Haystacks.AI. With the founding team’s collective background and deep expertise in real estate, we believe the Company has put together a best-in-class senior management team and is backed by some of the most respected names in real estate private equity,” said Ullas Naik, Founder and General Partner of Streamlined Ventures. “In today’s rapidly changing ecosystem and evolving workflows, it’s more critical than ever to be aligned with the right technology partner who understands the landscape and is at the forefront of these changes.”
“The adoption and utility of technology in institutional real estate is evolving rapidly. As an experienced team of long-term industry insiders, the Haystacks.AI team understands how to approach the sector from the sticks and bricks approach that is critical to building trust, which is why we chose to incubate this concept since inception,” said Victoria Grace, Founder and Managing Partner of Colle Capital.
Also participating in the funding round were Adit Ventures (Genesis Fund) and leading real estate executives (listed alphabetically), Brad Chambers, Jeff DiModica, Jeff Dishner, Brian Finerty, Jim Ketai, Ron Kravit, and Andrew Yoon.
To learn more about Haystacks.AI, please visit: https://haystacks.ai/
Haystacks.AI is a platform that utilizes AI and ML to collect and analyze massive amounts of data to provide enhanced insights for fund managers. Our innovative technology allows for more accurate projections of key real estate metrics by uniquely layering alternative data on top of primary real estate data. The Haystacks.AI team is creating a best-in-class automated underwriting tool to efficiently source, acquire, and manage SFR properties. Haystacks.AI was founded in January 2021 and is backed by Streamlined Ventures, Colle Capital, Adit Ventures (Genesis Fund), Hyperplane Venture Capital, and leading industry executives.