The first of two Bloombergs’ new housing-related startups comes to market
New York City’s hottest real estate startup is getting a big push.
Bloomberg News reports that Sei Investments is partnering with RealtyTrac and RealtyZoom to launch a new real estate investment platform.
Bloomberg reports that the new platform will be available for homebuyers, but only for those with a certain type of investment.
According to Bloomberg, Sei’s new platform “provides investors with an easy-to-use platform for all types of homebuyer and homeowner properties, from single-family homes and townhomes to condos and apartments.”
The startup’s focus is to help investors “focus on the real estate that will suit their individual needs and goals.”
Bloomberg adds that the startup will have a focus on the “highest quality properties with the most affordable prices.”
Sei has made investments in over 100 real estate companies, including a stake in the online real estate brokerage Platforme, and a stake, in 2013, in the New York-based real estate trading platform BATS.
The startup is also a pioneer in the use of blockchain to make investments in real estate.
Bloomberg writes that the Sei investment platform will allow investors to create, share, and trade the value of their investments through blockchain.
Bloomberg reports that while the platform’s website is still in the early stages of development, it will “give investors the ability to manage and manage the portfolio.”
This will allow users to purchase, sell, and invest in real property via the blockchain.
Sei has raised more than $1.4 billion in its first round of funding, but its stock price has been trending lower as of late.
Seiyu, the startup that created the blockchain-based platform, has reportedly raised $1 billion in funding.
In an interview with Bloomberg, Bloomberg writes: “The new platform allows investors to easily trade their portfolios on the blockchain, while also providing real estate investors with a way to track the performance of their portfolio across multiple platforms.”
The company’s focus on real estate will allow the company to “focus more on the higher-quality properties with higher-end pricing, such as condos and apartment buildings,” Bloomberg adds.
We’ve reached out to Sei to find out more about how the platform works, and if this is a new product launch, we’ll update this post if we hear back.
Read more at Bloomberg