Austin-based closed on a $62.5 million round of funding led by , the company said Wednesday in a release.
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OJO Labs, founded in 2015, combines human and machine intelligence to provide personalized property recommendations and insights.
, , and also participated in the new round of capital that gives OJO Labs a of $71.5 million, according to 蹤獲弝け data. The company���s last funding round was a in March 2019.
���The way people buy and sell homes is changing,��� , founder and CEO of Breyer Capital, said in a written statement. ���This evolution has been expedited by recent events, and the real estate industry is on the cusp of something new in the wake of COVID-19. With a clear vision for the future and the technology to back it up, I believe OJO Labs is poised to be a leader in the next era of the homebuying industry.���
In addition to the investment, OJO Labs announced the acquisition of San Mateo, California-based , a residential real estate search site boasting nearly 24 million monthly visits. The acquisition amount was not disclosed. Movoto is OJO Labs��� in the past two years.
Speaking about the acquisition, OJO Labs co-founder and CEO said Movoto���s search capabilities made them a good fit.
���It is the company���s ability to optimize search based on consumer behavior and engagement that has enabled them to compete with three massive, publicly traded companies while steadily gaining market share since 2018,��� Berkowitz said in a written statement.
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