Prevu, Inc.

Prevu, Inc. is a US-based real estate brokerage that offers a unique cash-back incentive model for home buyers, enhancing the property acquisition experience through innovative technology and dedicated agent support. Founded in 2015 and headquartered in New York, US, Prevu, Inc. operates as a full-service real estate brokerage focused on streamlining the home buying process.

The company has completed 2 deals, with its most recent funding round occurring on December 14, 2023. The firm raised USD 6. 00 mn in a Series A round led by investors including Citi and RiverPark Ventures, among others. Chase Marsh serves as both the Founder and CEO, having a history in the real estate sector prior to establishing Prevu.

Prevu operates as a modern, full-service real estate brokerage that specializes in providing a cash-back incentive model for home buyers. The company's core product offering includes access to a comprehensive property search platform that utilizes local broker databases, enabling users to easily view and communicate with dedicated Prevu agents. These agents guide clients through each step of the home-buying process, from crafting offers to managing negotiations and facilitating successful transactions. Prevu primarily targets home buyers in urban markets, with a focus on major regions such as New York City, Boston, and several states including California, Texas, and Florida.

Their services are designed to streamline the buying experience while also providing financial incentives, addressing consumer needs for cost-effective real estate transactions, particularly in high-cost living areas. Prevu's revenue model is built around the commission rebate structure that incentivizes home buyers to engage with their services. When a customer purchases a home through Prevu, they receive a portion of the agent's commission as a rebate, which can be used for various expenses such as furniture purchases or closing costs. The transactions typically occur on a B2C basis, where individual consumers engage directly with Prevu for their real estate needs.

The commission rebates are structured around the purchase price of the property and can vary based on the specific terms agreed upon between the buyer and Prevu. While specific pricing plans are not disclosed, the company's model emphasizes affordability and transparency, positioning Prevu as a cost-effective alternative to traditional real estate brokerage services. In December 2023, Prevu, Inc. raised USD 6.

00 mn in Series A funding from new investors Citi, RiverPark Ventures, Metropolis Ventures, Simplex Ventures, Winklevoss Capital, and Liebenthal Ventures, along with returning investors Alpaca VC, TYH Ventures, and Blue Ivy Ventures. The company plans to utilize this funding to expand its market reach and grow its pipeline of services. Future initiatives include the launch of new technology-driven products aimed at enhancing user experience and expanding into additional urban markets, leveraging the recent investment to solidify its presence in high-demand regions.