I caught up with my friend Roy Abrams, CEO/Founder of RealConnex.com recently. Roy and I have known each other since we both got started in the CREtech space around the same time. Since that time, Roy has seen really dramatic growth at his start up and has raised a considerable amount of money from real estate investors and institutions. He is one of the most passionate, hard working and innovative tech entrepreneurs I have had the pleasure of connecting with.
Realconnex aims to be the LinkedIn meets Match.com for real estate, connecting people, deals and business opportunities. It’s truly an extraordinary platform which just raised another $3.5 million round based on their momentum with another fundraising round to be announced in a few months according to Roy.
Membership continues to grow rapidly at RealConnex with currently approx. 72,000 users on the site and a target of approx. 100,000 by year end. Roy mentioned that over $300 million in deals are on target to close before the end of 2017 on the site as well.
One of the things Roy mentioned that he is most excited about is a new White Label 1031 transaction hub has also just been released on the platform and already gaining significant traction.
On the operational side of the business, RealConnex continues to attract some really top level talent with a new Chief Digital Officer coming on board from the Economist and new hires planned for Sales and Marketing, as well as several aspects of the business. Roy indicated he is aggressively trying to fill those positions and encouraged interested parties to reach out to him directly.
Lastly, a new release of the site is planned for later this summer so I would keep my eyes on Realconnex for some really exciting announcements to come. Roy is a seasoned tech exec with the chops to weather any storm and I for one am betting on him to succeed!