HipPocket
It takes too long to find or to sell a home—10 weeks on average to search for a home to buy and 12 weeks to sell a home. AI can improve this but seller-focused property websites and Multiple Listing Service (MLS’s) have no incentive or ability to change. Zillow does not want to disrupt $750M of ad revenues and the 850 MLS’s are agent-only tools and each organization does not have the ability, funds and scale to introduce AI. Buyers and Sellers will continue to suffer if this status quo is not broken. At HipPocket we’re developing an intelligent real estate platform that reduces search and sale times by matching buyers faster to more relevant homes using machine learning, and powering rapid collaboration between buyer, agents and seller through AI enhanced messaging.
HipPocket
It takes too long to find or to sell a home—10 weeks on average to search for a home to buy and 12 weeks to sell a home. AI can improve this but seller-focused property websites and Multiple Listing Service (MLS’s) have no incentive or ability to change. Zillow does not want to disrupt $750M of ad revenues and the 850 MLS’s are agent-only tools and each organization does not have the ability, funds and scale to introduce AI. Buyers and Sellers will continue to suffer if this status quo is not broken. At HipPocket we’re developing an intelligent real estate platform that reduces search and sale times by matching buyers faster to more relevant homes using machine learning, and powering rapid collaboration between buyer, agents and seller through AI enhanced messaging.
TL;DR
Headquarters: Dallas, Texas, United States
Founded: September 2014
Team size: 1-10 employees
Product: AI / machine-learning platform to match buyers with relevant home listings and speed collaboration
Last known funding: Angel round, Sep 30, 2015; total funding reported $590,000 (USD)
Company Overview
Problem Domain
Real estate search and transactions (reducing time to find and sell homes)
Founded
2014
Industry
Real estate technology (PropTech)
Funding Track Record
590000.00
Investor Signal
“Early-stage angel investors (named individuals include Dave Hanson, Len Critcher, Chris Camillo)”