Valuebase, a prominent provider of data-driven property valuations, has successfully closed a $6.3 million Series Seed funding round. The round was led by Narya Capital, with additional investments from Sam Altman, Nat Friedman, Mythos Ventures, and Julian Weisser.
Since its establishment in August 2022, Valuebase has been dedicated to transforming property valuation and assessment through innovative data analytics and sophisticated data modeling. This funding will enable the company to broaden its product offerings, enhance technological infrastructure, and accelerate its growth initiatives.
“We are excited to have the support of our investors as we enter this new phase of growth,” said Will Jarvis, CEO of Valuebase. “This investment will allow us to continue providing cutting-edge solutions that equip governments with top-tier AI valuation models.”
Valuebase’s proprietary technology utilizes advanced data analytics and modeling to assist assessment and revenue agencies in optimizing revenue collection while maintaining equity and fairness metrics. The company’s solutions are already in use by local governments in several states, including Texas, Florida, and Virginia.
“At Narya, we invest in exceptional founding teams who identify unique opportunities and leverage that insight to build defensible technology businesses. Will and Lars exemplified these qualities from our first meeting, and the Valuebase team has consistently executed and demonstrated product-market fit,” said Colin Greenspon, Co-Founder & Managing Partner at Narya. As part of the financing, Greenspon has joined Valuebase’s board. “We are proud to partner with them in redefining the future of real estate valuation.”
Beyond expanding its product lineup, Valuebase intends to use the funding to scale its operations, recruit top-tier talent, and invest in research and development to remain at the cutting edge of industry advancements.
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By Proptechbuzz
By Ravi Kumar
