Konfidis Closes Oversubscribed $2 Million Seed Round to Enable Better Residential Real Estate Investing & Management Platform Leveraging Technology and Big Data
TORONTO – (BUSINESS WIRE) – Konfidis Inc. (Konfidis), Canada’s premier and end-to-end service provider to provide better investor access to Canada’s residential real estate sector, is pleased to announce the completion of an oversubscribed, unsubscribed, private placement round of $ 2 million. Konfidis is excited to welcome its new strategic and value-adding investors, including its seasoned advisory board members.
With Canada’s leading technology platform for residential real estate investing and a rapidly growing, technology-driven and investor-driven residential real estate agent subsidiary, Konfidis Realty Inc., this cash injection will strengthen Konfidis’ growth strategy and various enhancements to the platform will support both individual property investors and those building residential property portfolios as well Konfidis’ tenant marketplace to support a new age of rental housing solutions and services.
“We are excited to offer our customers and partners new and innovative technology solutions that provide easy access to better investment opportunities in Canadian residential real estate,” said Asher. “We have seen the success of technology-enabled residential real estate investments, including the Single-Family Rental (SFR) Home asset class, and we are here to offer investors such opportunities in Canada where there is a compelling long-term supply and fundamentals that demand Support oversized risk-adjusted return potential. ”
Konfidis has set itself the goal of bringing an exciting new offering for tenants who are looking for high quality and reliable long-term rental apartments. “The latest headlines make it clear again and again how buyers are being sealed off from the market. This is particularly problematic for families who, for example, want to rent in a certain school district, since there is an acute shortage of high-quality single-family homes in these districts. In addition, landlords are by and large owner-managers and great tenants unfortunately sometimes have bad experiences and fear a sudden eviction if the landlord decides to move into the property. We believe that our professional, tenant-centric offering provides long-term renters with convenience and rental security with a high level of service, ”said John Asher, President and Co-Founder of Konfidis Inc.
“The current residential real estate landscape is dominated by resources that serve owner-occupier families. Konfidis offers an investor-focused suite of tools that are not limited to local knowledge, but we search a larger geographic region for the best investment opportunities that are technology and big data driven and emotionless, ”said Jared Kalish, Executive Chairman and Co-Founder of Konfidis Inc. “We believe that KonfidisRANKTM, our proprietary acquisition software that uses more than 100 million data points to search and evaluate tens of thousands of real-time opportunities in different cities, will enable our customers to market surpass. We are fortunate to have an extremely talented technology team that applies world-class big data and machine learning techniques to leverage a wide and innovative range of data sets to continually improve KonfidisRANKTM scoring methodologies for the better being able to predict which properties will outperform the market in the long term and generate alpha for our customers. ”
Konfidis seeks to democratize residential real estate investing that has historically been challenged by limited analytical tools and a lack of turnkey management solutions. Konfidis offers its clients full service support in the valuation and acquisition of investment properties with the most compelling risk-adjusted return characteristics through a top-down analysis of the geographic region and a bottom-up analysis of rental income and total return; and supports the comprehensive management of these investment properties on behalf of their clients. Konfidis believes in rigorous due diligence practices for investment opportunities and best in class governance and risk mitigation practices; Such principles have been incorporated into Konfidis’ range of products and services.
“In terms of total return, the Canadian residential real estate sector is one of the best performing and highly liquid asset classes in the world. Canada is benefiting from strong population, employment and demographic trends that support the growing demand for housing, ”said Shael Soberano, chief investment officer of Konfidis. “Despite these strong demand drivers, there is still a significant shortage of living space. This discrepancy supports the continued outperformance of this asset class, especially in an inflationary environment, and will force private sector investment to invent new housing solutions. Konfidis has set itself the goal of supporting investors who want to benefit from this dynamic and at the same time offer Canadian families better living quality and flexible alternatives. ”
About trust
Konfidis Inc. is Canada’s leading full-service brokerage and technology services provider to Canadian residential real estate investors. Konfidis seeks to democratize residential real estate investing, which in the past has been challenged by limited analytical tools and a lack of turnkey management solutions. Konfidis offers its clients full-service support in the valuation and acquisition of investment properties with the most convincing risk-adjusted return characteristics through top-down geographic regional analysis, bottom-up rental income and total return analysis; and supports the comprehensive management of these investment properties on behalf of their clients. As a core principle, Konfidis is committed to providing improved solutions for Canadian families looking for high quality, reliable alternatives to long term rentals.