Bowery Valuation Closes $16.3 Million Extension of Series B Funding, Accelerating Growth Trajectory
Summary
Utilizing public record integration, a mobile inspection app, natural language generation, and exhaustive databasing, the companys proprietary report writing technology streamlines the appraisal process, enabling faster turnaround times, enhanced accuracy, and improved efficiency for its clients. Bowerys advanced appraisal reports have been met by an increasing demand from the nations top banks and lenders, commercial real estate owners, and investment funds.Our team is thrilled to secure this additional funding as we not only continue to accelerate enhancements within our best-in-class internal appraisal software, said John Meadows, Founder and Co-CEO of Bowery Valuation, but also begin to significantly invest in new external facing features that our clients can interact with directly to create unique value and enhance our service and product offerings for our customers. "This latest capital raise will enable us to further enhance our data infrastructure, expand our team, and accelerate our growth trajectory as we continue to transform the commercial appraisal process," added Noah Isaacs, Founder and Co-CEO of Bowery Valuation. The additional capital from its investors will fuel further national expansion, fulfilling plans to open offices in the Midwest, Southwest, and Southeast.Bowery Valuation is the leading technology-enabled commercial real estate appraisal firm. Utilizing public record integration, a mobile inspection app, natural language generation, and exhaustive databasing, Bowery has modernized the appraisal process providing the countrys top lenders with higher quality reports and faster turn-times than anyone in the industry.