D.C. startup Ressio has raised $8.75 million in Series A funding to bring more AI-powered software tools to residential construction.
“With this funding, we’re pouring gasoline on our rapid product development model that starts with direct customer input,” (CEO and cofounder, Mitchell) Kasselman said in a statement. “This investment allows us to move even faster.”
There’s a new private equity firm in town and it’s raising big money with help from some big-name backers.
Backed in part by powerhouse investment firm Apollo Global Management, New Catalyst is not a traditional private equity or venture capital firm that invests in young or growing companies. Its mandate is to invest in what it says are “next generation” general partners to help them launch or scale their own investment firms.
New Catalyst got its start in Los Angeles nearly two years ago but is now based in D.C., according to SEC filings and confirmed by a person familiar with the firm. It lists its address as 1150 Connecticut Ave. NW, Suite 700.
Fundrise, a Washington, D.C.-based online investment platform that prides itself on opening up investment in private real estate companies, real estate assets and private technology companies to the average individual, is now setting its sights on artificial intelligence.
Fundrise is launching RealAI, a new AI platform that changes how single- and multifamily real estate professionals and individual investors find and use data. It gives users instant access to high-level market intelligence, ranging from neighborhood income and migration trends to multifamily comps and average rents — right down to each individual property.