Susquehanna Growth Equity (SGE), a subsidiary of quantitative trading firm Susquehanna International Group, has invested $22m in Realync, the US-based developer of a video leasing and engagement platform for real estate.
Realync has built a cloud software platform that allows members of the multifamily housing industry to safely livestream, pre-record and distribute video tours of properties.
The company said it its user base tripled in the four months following March 2020 amid the covid-19 pandemic while use of its virtual tour service increased by over 11,000%, and it expects demand for its products to continue even after the crisis.
Meridian Street Capital, Charmides Capital and Capital Midwest Fund had provided an undisclosed amount of funding for Realnyc in October 2019.
Realync had bagged $1.1m of funding in a 2016 seed round led by Meridian Street Capital and backed by venture capital firms VisionTech Partners, M25 Group and Charmides Capital. Angel investors had supplied $300,000 in seed funding two years earlier.