Real Savvy Announces $2.5 Million Revenue Financing from TIMIA Capital17 Oct Rick Orr
Real Savvy Announces $2.5 Million Revenue Financing from TIMIA Capital
Real Savvy raises growth capital to accelerate revenue growth and adoption
AUSTIN, TX – October 17, 2018 - Real Savvy, Inc (“RealSavvy”) announced today that TIMIA Capital Corporation (“TIMIA” or the “Company”) has put in place a US$2.5 million revenue financing for the Austin, Texas-based software company.
Known for its leading productivity and digital marketing platform for real estate professionals, RealSavvy offers an all-in-one solution including custom websites and native mobile apps powered by a fun, Pinterest-style home search (IDX) and predictive CRM built to help agents work with their clients.
“We found that TIMIA’s revenue financing was aligned with our sales growth and objective to be capital efficient as we scale our business,” said Rick Orr, CEO & Co-Founder, RealSavvy Inc. “The overall value proposition for us was a great fit as we have a proven revenue-producing model that is ideally suited for non-dilutive growth capital.”
RealSavvy will use TIMIA’s investment to fuel growth and expand to new markets in Georgia, Florida and California having already established a large footprint across Texas.
“This is an important first step for TIMIA, as the U.S. SaaS market represents a significant opportunity for us to bring revenue financing to the broader North American startup ecosystem” said Greg Smith, CIO of TIMIA. “As emerging startups scale their revenue from $2M to $10M, we believe the value proposition of TIMIA’s revenue financing accelerates expansion. RealSavvy’s management understands their market, are efficient with their capital, and the Company’s growth metrics creates great alignment for our offering.”
RealSavvy Board Member, Stephen Oskoui, is optimistic about the future saying,
“As an early investor and Board member, I am excited to see RealSavvy work with TIMIA to accelerate the growth and value of the company. The revenue financing model keeps the focus on long-term sustainable growth and enables companies to achieve significant goals without diluting founders, employees, or early investors.”
Founded in 2014, RealSavvy provides custom websites for brokers and agents where they can collaborate with buyers throughout the home search. Buyers can search real estate listings, and then “pin” a home listing they like on a personalized board, which they can share with others involved in their home search. RealSavvy’s target customers are real estate brokerages who utilize the company’s first-in-class platform to enable their agents to work more easily and efficiently with their clients. Complete with beautiful front end websites, award winning branded apps, rich home search experience and predictive CRM, RealSavvy is built to drastically enhance its customers’ ability to capture and convert leads to home buyers and sellers. Visit www.realsavvy.com to learn more.
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing, while allowing entrepreneurs and existing stakeholders to retain ownership and control of their business. TIMIA’s singular focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We align ourselves with entrepreneurial management teams growing their sales from $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com
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