Waltz, a startup focused on enabling foreign investors to purchase real estate in the United States, has successfully raised $12.5 million in a Series A funding round. Aleph led this round, following a previous Seed round of $11.5 million led by TLV Partners two years ago. The funding rounds saw participation from over 40 notable angels and private investors, including Ofir Ehrlich, David Krell, Talmon Marco, and Eyal Lifshitz.
The Waltz platform offers a comprehensive solution tailored to non-U.S. investors for navigating the U.S. real estate market. The process begins with investors identifying their desired property through various channels, such as real estate agents, mortgage brokers, or turnkey providers. Waltz then provides an investor kit containing all necessary resources to initiate the investment. This kit includes identity verification, the establishment of a Limited Liability Company (LLC) with an Employee Identification Number (EIN), an assigned agent, and a pre-approval letter. Additionally, investors are set up with a U.S. digital bank account for managing rental income, property taxes, and minimizing withholding.
Yuval Golan, founder and CEO of Waltz, explained, “Having extensive experience in cross-border investments, I aimed to streamline the remote real estate purchase process. We ease the complexities for our clients and focus on states friendly to foreign investors. Florida, for instance, attracts 25% of these investments.”
Non-U.S. citizens are estimated to invest over $53 billion annually in U.S. real estate. Waltz, with a team of 24 employees, operates a development center in Tel Aviv and a business center in Miami, Florida, alongside additional staff in Europe and the USA.
Currently, Waltz facilitates real estate purchases in Alabama, Florida, Georgia, Maryland, Minnesota, North Carolina, Ohio, South Carolina, Texas, and soon Arizona, with plans for further expansion. The platform has received investment requests exceeding $100 million from private investors globally, successfully closing transactions for clients from Israel, Chile, Colombia, Portugal, and other countries.
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By Proptechbuzz
By Ravi Kumar
