Realync, the first cloud-based platform to enable live virtual property tours and open houses for the real estate industry, today announces the completion of a $1.1 million round of seed funding led by Meridian Street Capital, with participation from VisionTech Partners, M25 Group and Charmides Capital.

Realync Real Time Touring Product Demo from Realync on Vimeo.

Founded in 2014, Realync is currently operating out of Chicago and will use the funding to establish a new headquarters on the northeast side of Indianapolis. To continue their aggressive growth in the multifamily real estate industry, Realync plans to add 40 jobs by 2020 and receive $650,000 in EDGE tax credits from The Indiana Economic Development Corporation based on those hiring plans.

“Realync’s mobile video platform is the first enterprise capable solution in a space that is ripe for disruption. Combined with great leadership, this made for a very compelling investment opportunity,” said Scott Law, General Partner at Meridian Street Capital.

With users in 47 states and 30 countries, Realync’s real-time video platform has changed the way real estate professionals connect with prospects to tour a space. Bridging the gap between still photos and in-person site visits, Realync brings leasing teams and prospective tenants together using an immersive, real-time experience.

Matt Weirich Realnyc_CIRCLE

Matt WeirichCo-Founder and CEO

“As Millennial and Gen Z consumers become the majority of renters in the multifamily industry, we have seen owners and managers recognize the need to change how their leasing teams interact with prospective tenants. That means being able to show exactly which units are available and precisely what it would look like to live there – all without them stepping foot in the property,” said Matt Weirich, co-founder and CEO of Realync.

“This investment gives us the additional resources needed to deliver even greater value to our multifamily customers and continue making the touring process as simple and streamlined as possible for real estate organizations of all sizes.”