Flat-fee listing company Redefy Holdings just capped off its first funding round since Chris Rediger was named CEO back in July.
The company did not disclose how much it raised, but it did disclose that the investment came from a private investment group led by James Albertelli and that, with this equity investment, Redefy’s post-funding valuation is now at $25 million.
As part of this transaction Albertelli will join Redefy’s board of directors.
"This funding positions Redefy well to enhance our software platform and begin to consolidate fragmentation that exists in the real estate market. We are excited to partner with Jim, who sees the opportunity to make meaningful changes in the space,” Rediger said in a statement.
"The added equity capital will allow us to increase our footprint and help further our goal of providing consumers with a better way to sell a house and save them thousands of dollars in the process," he added.
According to its release, Redefy will use the new funds to develop its platform and gear up for future acquisitions.
"We believe that Redefy's technology platform and business model has the potential to truly disrupt the real estate market," James Albertelli said in a statement.
"We are excited to be involved in fueling the company's growth."