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Contxto – Investing in real estate can be a high-stakes game. Consequently, it’s important that decision makers have every bit of data to ensure that that expensive apartment complex they’re buying is in the right neighborhood.
But someone has to pick up on all those little details for them, and a startup doing just that closed funding recently.
DOMO Invest led a R$5.5 million (~US$1 million) in Rede Vistorias, a company specializing in surveys for the real estate industry. Other round participants included Invisto, Terracotta Ventures, as well as returning investor BZPlan.
Thanks to their fine contribution, Rede Vistorias will hire more developers as well as upscale the amount of regular surveys it carries out.
Rede Vistorias serving up the surveys
Since its 2016 launch, the startup has been carrying out surveys for the real estate and construction industry. Rede Vistorias reports its surveys have covered more than 11 million square meters in properties distributed among 350 cities in Brazil.
And in the first half of 2020 alone it reportedly carried out more than 120,000 surveys, according to SC Inova.
The magnitude of its coverage is what brought Terracotta on board.
“It is difficult to have capillarity. But when a business reaches a large volume, serving more than a thousand real estate agents, it becomes a very strong channel for other offers and to attract strategic players,” says Bruno Loreto, Managing Partner at Terracotta.
This logic aligns perfectly with Rede Vistorias’s upcoming plans to connect and help businesses from other inudstries such as finance, banking, and retail.
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