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Agent | Broker Reset Filters to Default Back to ListSmartZip Analytics Secures Venture Funding From Intel Capital
June 14 2010
Pleasanton, Calif. May 3, 2010 - SmartZip Analytics, Inc., a leading provider of independent investment ratings and analysis for residential real estate, today announced that it has secured new funding from Intel Capital. The funding comes from Intel Capital's recently announced Invest in America Technology Fund and will be used to expand availability of its home investment ratings and reports nationwide.
Buying a home as a residence or as an investment is a serious decision with significant financial implications, said Mike Buckley, Managing Director of Intel Capital. By utilizing technology, analytics and the internet, SmartZip is well-positioned to help improve the home buying process and reduce loan default risk.
Using proprietary analytics, SmartZip has investment rated over 70 million homes across the United States and published the ratings for consumers free of charge via its internet web site www.smartzip.com. Every home has two scores a home owner score for buyers who plan to live in the house and are seeking price appreciation, and an investor score for those that plan to rent the property and are seeking the best monthly cash flow. Using an intuitive 1 to 100 scale, SmartZip ratings offer home buyers and investors a relative assessment of the risk-adjusted investment potential of a property making it easy to find, compare and evaluate the best places and best properties to buy. SmartZip is also making consumer-friendly Home Investment Reports available via licensed real estate agents and its web site. The reports offer detailed insight into a home's investment quality, including neighborhood-level price trends, indicators of housing demand, risk factors and expense and cash flow analyses.
Home buyers and real estate professionals have long been focused on what a home costs, but not what it's really worth, noted Tom Glassanos, President and CEO of SmartZip. SmartZip bridges that gap with its objective analysis of a home's fundamental long-term value. This instills confidence in a time of uncertainty, leading to better informed decisions and increased efficiency in the real estate market. We're delighted to receive the investment from Intel Capital to help us expand our market reach.
For more information on SmartZip or to get the investment rating on any home in the United States, click here. Real estate agents looking to leverage SmartZip's ratings and home reports to grow their business can visit SmartZip Pro.
About SmartZip Analytics, Inc.
SmartZip Analytics offers independent investment ratings and analysis on over 70 million residential properties across the United States. The company's products are used by home buyers, investors and real estate professionals to find, compare and assess the best places and best properties to buy. Built using proprietary analytics, SmartZip ratings bring efficiency to the real estate market by helping consumers make better informed, more confident home purchase decisions. SmartZip is a privately held corporation headquartered in Pleasanton, California.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9.5 billion in over 1,050 companies in 47 countries. In that timeframe, 175 portfolio companies have gone public on various exchanges around the world and 241 were acquired or participated in a merger. In 2009, Intel Capital invested US$327 million in 107 investments with approximately 50 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
To read the original press release, please click here.
To learn more about SmartZip, click here.
