Firepoint, the fastest growing platform automating the entire business process for residential real estate agents and teams, announced today it has completed a Series A round of financing led by Sopris Capital. Firepoint's feature-rich platform offers a clean, easy-to-use interface and aims to automate every business function for agents and teams, from lead gen to post-close, and provides "big data" analysis of marketing expenditures and corresponding results. The low cost of Firepoint's solution is far offset by the increased revenues and reduced expenses achieved by teams and agents using Firepoint. "As active investors in real estate technology, we immediately recognized Firepoint as a compelling solution to enable growth and profitability for high performance residential real estate agents and teams," said Jon Kaiden, president of Sopris Capital. "The Firepoint team has built a truly innovative product and impressively grown their client base. We are very excited to partner with them on this aggressive expansion program." "We've achieved significant growth since we launched our product in 2015, and our growth in clients and functionality are accelerating rapidly," said Chris Tamm, CEO of Firepoint. "With this investment and the strategic input from Sopris Capital, we will continue to scale the expansion of our industry leading R&D team who will enhance and improve our platform to meet the needs of high performing teams and agents; We will also continue to grow our sales and marketing teams while enhancing our top-of-the-line client support capabilities." About Firepoint, Inc. About Sopris Capital
Launched in 2015, Firepoint's comprehensive solution for residential real estate professionals is the fastest growing solution of its kind. The system is easy to use, yet provides the most comprehensive feature-set available. Firepoint's founders, initial investors, and users came from the top residential real estate teams in the US. Today, Firepoint services thousands of users and is poised for very aggressive growth both in size and functionality. Learn more at: www.firepoint.net.
Based in New York, Sopris Capital is a venture capital firm that invests growth equity in tech-enabled business services companies that are solving an enterprise-level pain point. Sopris seeks to be a value-added partner to fast growing companies that have a validated business model, proven product/market fit, and a management team that can capitalize on the opportunity ahead. Learn more at: http://www.sopriscapital.com
