Mobile Realty Apps, a fast-rising real estate tech company in Minneapolis, said Monday it raised $1.8 million in a new round of venture funding and changed its company name to that of its main product, HomeSpotter.
The company provides multiple listing service data customized to local markets for both real estate agents and firms, as well as consumers. The firm said it raised its latest capital from Brightstone Venture Capital, Confluence Capital Partners, Mike Bollinger and other angel investors.
In Minnesota, the firm provides consumer search apps for the state's two largest real estate brokers, Edina Realty and Re/Max.
"We knew the HomeSpotter name had consumer appeal, plus it's easier to say than Mobile Realty Apps," Aaron Kardell, the company's founder and chief executive, said in a statement.
The company is combining its business-related apps and services into a HomeSpotter Signature, which can then be branded by real estate firms. Its product for multiple listing services was renamed HomeSpotter for MLS.