Cartavi, a company that makes working with real estate docs easier via smart devices, has just scored series A funding as reported by Chicago's Craine's. The news signals one company fast moving in a relatively empty competitive space, so far.
According to the news, Cartavi's latest investment round was led by several Chicago VC firms including; I2A Fund, OCA Ventures, New World Ventures and the FireStarter Fund. Having just been named Best in Tech for Real Estate by Chicago Agent Magazine, Cartavi allows agents to manage their documents from just about anywhere. Storing, working with, sharing, and even signing documents (Docu Sign) is possible using the company's services.
As for the round of funding, Cartavi's release suggests expansion of their cloud based framework. Glenn Shimkus, Cartavi co-founder and CEO, had this to offer via their news:
“We are extremely honored to have the support of an exceptional group of investors to help fuel the growth of our company, and very pleased that they share our vision for Cartavi. The business of real estate is in a state of transition as both brokerages and agents strive for enhanced customer service, and the efficiencies and savings that mobile and paperless solutions promise to bear. Our purpose is to provide these professionals with a powerful yet simple solution to achieve this goal.”
Managing paperless transactions is no new technological breakthrough, but in the real estate niche surprisingly few competitors exist for Cartavi. While offerings like GoPaperless do exist, none so far has offered a real marque tablet variant. Paperless Pipeline and a herd of other competitors are useable via browsers, but as far as I know no big moves have been made for iPad and other tablet users. If you think about it, these tablets as tabeltops for deals, make all the sense in the world. Anyone can see a client "tapping" the screen and signing off.
For those interested, you can download the current app here.