A startup that wants to help independent real estate agents and buyers manage their business planning is getting a big boost.
RLTYco, a New York company that provides services related to commissions, taxes and health care, has received $20 million in Series A funding in hopes of giving real estate professionals access to their commissions in 24 hours.
Sponsorship gives agents and buyers access to all RLTYco services instantly.
“By providing quick access to cash, and game-changing services, we’re not just supporting our customers — we’re helping usher in a new era of business,” RLTYco founder Briggs Elwell said in a statement. “We are very grateful to our partners who agree with our vision of leveling the playing field for private contractors. With this support, we are excited to expand our services nationwide to all states, all powered by RLTYco’s proprietary fintech platform.”
RLTYco offers four main services. RLTY Capital earns commissions on pending trades, allowing agents to access that capital in an accelerated timeline. RLTY Legal provides users with access LegalZoom of establishing a business. RLTY Tax offers a network of CPAs.
Finally, RLYT Health uses a partnership with it United Healthcare embassy HealthcareMarkets providing health benefits.
Funding is led by The Altriarch, a credit asset management company that invests in diversified markets. It includes funding from existing investors including angel investor Andrew Dodge, Related Companies Christopher Schmidt, and THE SERHANT. Ventures, Educational category of SERHANT.
“RLTYco specializes in fintech, insurtech, and professional services and has an endless market to address given its high repeat customer base,” Altriarch co-CEO Danielle Brown said in a statement. “We are continually impressed with the company’s strategic vision, holistic business health education approach to independent contractors and are excited for this next chapter.”
RLTYco was founded in 2021 by Related Companies veteran Briggs Elwell and Daniel Kennedy, managing partner of Kennedy Luce LLC, law firm in Connecticut.
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