ListingSpark, an Austin-based real estate firm that enables buyers and sellers to keep more of their own money, secured $2 million from Silverton Partners. The Series A funding will be used to expand into additional markets, offer more services, hire agents and staff, and build out its recent affiliated title company startup, Spark Title.
"It has always been our vision to provide a turnkey solution for buyers and sellers who want a streamlined process and a smooth transaction without having to give up so much in commissions," says Brett Appolito, co-founder and CEO of ListingSpark. "Silverton Partners has given us the foundation we need to achieve smart growth. We will continue to add services that help home sellers, buyers and investors buy and sell properties with minimal hassle and maximum return."
Since its inception in 2013, ListingSpark has focused on helping home sellers sell their own homes with technical and agent support to inform and ease the process. Instead of traditional or discounted commissions, ListingSpark clients pay only dollars a day to gain access to the same tools real estate agents use, such as the MLS and market analysis, plus marketing assistance and agent support. For the past 24 months, ListingSpark has sold more than 1,758 homes 28 percent faster than the market average, saving customers an average of $7,200 per transaction.
ListingSpark also serves home buyers with full-service real estate services and experienced agents who use modern technology and proven methodologies to find clients the perfect home and negotiate the best deal. Spark Title was recently founded to complete ListingSpark's turnkey solution by assisting in residential and commercial closings and escrow, and title insurance transactions of all kinds.
"We are always excited to invest in companies that we see disrupting a market with an innovative approach, products, and services," says Adam Chibib of Silverton Partners. "ListingSpark has proven they have a model people want, where they can buy or sell a home with less friction, upfront and backend costs, and have greater control over the process."
About ListingSpark
ListingSpark offers buyers, sellers and investors a comprehensive line of real estate services, including closing on their transactions seamlessly with Spark Title. ListingSpark is the only full-service real estate brokerage firm offering home sellers and investors a per-day pricing model, and buyers dual agents who speed the home buying process. With ListingSpark, home sellers have access to all of the resources agents use without the hefty commissions, keeping more money in their own pockets. More information on ListingSpark can be found at www.ListingSpark.com.
About Silverton Partners
Silverton Partner is an early-stage venture capital firm based in Austin, Texas. Silverton collaborates with exceptional entrepreneurs who are committed to attacking growth markets with proprietary products or services. The principals of Silverton Partners have over five decades of venture experience, having been the start-up investors in Tivoli Systems (IPO), Silicon Labs (IPO), Motive Communications (IPO), Waveset (acquired by Sun Microsystems) and BlackLocus (acquired by The Home Depot). More information on Silverton Partners can be found at www.silvertonpartners.com.
