Appraisal Tech Startup Bowery Valuation Raises $12M In Funding
Bowery Valuation, an appraisal startup is promising to produce technology that will speed up the appraisal process with help from $12 million in its Series A funding round, according to a recent report.
"The funding was led by Builders VC, and also included participation from seed investors Navitas Capital, Camber Creek, Fika Ventures, and Corigin Ventures," according to HousingWire.
"The company, which currently operates in New York, New Jersey, Connecticut, and Pennsylvania, said that it plans to use the new funding to 'drive and accelerate the hiring of engineering and appraisal talent and expand its presence geographically.'"
Bowery is looking to decrease turnaround times that would enable professionals to operate more efficiently during the appraisal process. The company's interest in creating more efficient tech also has its investors excited about their investment.
Bowery was founded by folks who have been in the appraisal field and have a strong understanding of what is needed from appraisal tech platforms; speed and budget friendly.
“Before starting Bowery, John and I spent several years appraising at one of the largest independent appraisal firms in the country. We were spending 50-60% of our time on busy work—manual data entry and copying and pasting,” said Bowery Co-CEO Noah Isaacs, according to the report.
To learn more about Bowery Valuation and its plans to help streamline the appraisal process, click on the image above.
