Toronto-based Right at Home Realty, a technology-enabled real estate brokerage, has received a growth equity investment from Round13 Capital and Torinit Technologies. No financial terms were disclosed.
TORONTO–(BUSINESS WIRE)–Right at Home Realty Inc. (“Right at Home”), Canada’s largest independent real estate brokerage, today announced that it has secured a growth equity investment from Round13 Capital and Torinit Technologies. The equity funding will be dedicated to augmenting Right at Home’s industry-leading technology platform and further accelerating the company’s leadership position in Ontario’s real estate sector.
With over 5,500 members serving Canadian consumers across 20,000 transactions annually, Right at Home has been recognized as the number one independent brokerage in Canada’s largest market for eight consecutive years. Round13 Capital is one of Canada’s largest venture capital firms that invests in exceptional growth stage businesses. Torinit is a Toronto based innovative digital transformation company specializing in large technology implementations and custom digital solutions development.
“Right at Home is the market leading brokerage with an established track record of growth and innovation. We will be working closely with the team at Right at Home to build on their best-in-class platform and accelerate the adoption of digital solutions in the brokerage industry,” said Brahm Klar, Partner, Round13 Capital. “Right at Home’s disruption in the brokerage industry began with offering a favourable alternative to the outdated commission split model and is continuing with the deployment of technology.”
“We are incredibly excited about this unprecedented partnership with Round13 Capital and Torinit Technologies that will propel Right at Home’s portfolio of innovative solutions to levels previously unseen in the industry,” said John Lusink, President of Right at Home Realty. “The Canadian real estate market landscape continues to evolve at a rapid pace. Against this backdrop, we are continuing to build on our legacy of industry disruption by making continuous investments that ensure our vast network of Realtors have access to global-calibre technology platforms and solutions that support their success, and that of their clients.”
About Right at Home Realty
Right at Home Realty is Canada’s largest independent real estate brokerage. Founded in 2004, Right at Home is a premium full-service brokerage supporting Realtors and their clients through industry-leading practices, experience, technology, and market intelligence. Right at Home offers consumers a full suite of best-in-class real estate services to guide them to successful outcomes in today’s marketplace. The company is a dominant force in the province, with presence in 12 regions across Ontario and a network of over 5,500 highly trained and experienced Realtors. Under the company’s proven and superior model, Right at Home Realtors keep 100 per cent of their commissions, offering the industry a highly favourable alternative to outdated business models. Visit www.rightathomerealty.com
About Round13 Capital
Round13 Capital is a Toronto-based venture capital firm that invests in growth-stage technology businesses. The firm is managed by experienced investors and operators. It uses a disciplined investment approach to identify exceptional entrepreneurs running companies with market leadership potential. Round13 works ‘hands-on’ with its portfolio companies to use technology to unlock strategic and financial value. For additional information, visit www.round13.com
About Torinit Technologies
Torinit is a digital solutions company aimed at transforming large business operations via development and implementation of digital platforms and technologies. It uses a disciplined user centric approach to designing and developing state of the art digital solutions that produce exceptional business impact. For additional information, visit torinit.com.