BPP Newsletter: February 2018
Homesnap Raises $14M Series B, Boosts Broker Public Portal
On February 14th, the Broker Public Portal (BPP) announced that its joint venture partner Homesnap, the public-facing brand of the BPP, raised a $14 million Series B investment led by Updata Partners with participation from Moderne Ventures and individual investors. Homesnap is the highest-rated and most-installed home search and mobile productivity app for real estate brokers, agents, and clients. BPP with Homesnap is now available to more than 125 MLSs serving over 800,000 agents.
“Homesnap has a remarkable product that was built with the best interests of agents, brokers and our industry in mind. This has made all the difference in driving adoption of Homesnap across the country. We are thrilled to support its continued growth.” – Constance Freedman, Founder and Managing Partner, Moderne Ventures
The investments further validate the BPP’s existence and effectiveness and will help accelerate its growth.
Read Inman News Article
BPP Growth: 150% in First Year
Since its launch with Homesnap in January 2017, the BPP has grown from serving 45 MLSs to more than 125 today. Already, agents have invited over 20 million consumers to connect with them in Homesnap. As a result, Homesnap has become the nation’s most collaborative consumer real estate app.
“In just 12 months since the Broker Public Portal went live with Homesnap, our growth blows the doors off even the most optimistic estimates, but most importantly, the Broker Public Portal has something companies that sell ads do not have: MLS and broker ownership that always puts industry stakeholders’ interests first!” -John Mosey, CEO, NorthstarMLS
Northwest MLS Joins the BPP!
We are excited to announce that NWMLS has joined the Broker Public Portal and will launch Homesnap to agents and consumers in early March. NWMLS is the largest MLS in Washington with more than 28,000 members throughout the Pacific Northwest.