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Rex Secures $10 Million To Support Continued Business Growth And Market Expansion

Mar 22, 2022•over 3 years ago

Amount Raised

$10 Million

Austin

Description

REX, the only real estate technology company resetting traditional real estate on behalf of consumers, announced today the securing of $10 million in funding from Insured technology financing pioneer, PIUS. The financing, which was based on REX's intellectual property, includes an accordion feature, providing REX the option to increase the amount to $45 million.

Company Information

Company

Rex

Location

Austin, Texas, United States

About

Founded in 2016 and headquartered in Austin, Texas, REX Homes is the only real estate technology company resetting the traditional real estate on behalf of consumers. Uniquely, every home in the US costs less when buying through REX, except in a couple states, such as Oregon, that do not allow the sharing of cost savings with consumers. And when selling, REX achieves the highest price for the home, lowest commission and best service. REX has a five-star rating on Zillow and customer satisfaction scores far in excess of its competitors due to its tech platform and full-time W-2 workforce that is motivated by customer satisfaction, not commissions. For more information, visit https://www.rexhomes.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech