Amitree announced it has raised $7 million in financing. Three investors participated in the round: Vertical Venture Partners, Seven Peaks Ventures, and Accel Partners.
Amitree is an online platform that helps home buyers navigate the process of buying a house. It also aims to help agents and mortgage professionals build closer relationships with their clients and better anticipate their needs. The company has created Folio, the first AI-powered operating system for real estate transactions. Folio automatically organizes key transaction details and data to take the stress out of the process for both real estate agents and their clients.
The company revealed that it will be using the funding to boost headcount, primarily in its engineering and data science teams.