WAV Group was recently contacted by a 5 year old company that sells technology products to MLSs. Our current workload does not allow us to help them, but we offered to post this to our blog in the event that any of our readers may be interested. The company is well established, has significant revenue and could be profitable if they were not in a significant growth ramp.
They are looking for $500k to $2M in the form of a converitable bridge loan or equity. The company’s product has been “site licensed” by more than 35 MLSs in the past 12 months and has a full pipeline of installations pending. There is also a rather obvious potential for the product to expand beyond real estate into other verticals. Please email Victor if you have any interest and I will introduce you to them.
WAV Group does not have any vested interest what so ever in this comany or its offering – but we like the company and think that their product is good for real estate.