CommissionTrac Closes $1.15M Seed to Help CRE Brokerages Close Their Deals
Summary
CommissionTrac, an Atlanta software startup helping streamline the operations of real estate brokerages, has closed a $1.15 million seed funding round. “We felt it was important to go to people who would be more than just a check,” CommissionTrac’s founder Turner Levison tells Hypepotamus. “CommissionTrac has experienced great traction to date and we are excited to support the business as it grows in Atlanta,” says Kim Shriver, of Cox Enterprises Corporate Strategy & Development. He had observed all the inefficiencies in the back-end operations of brokerages, which often rely on complicated, tedious manual data entry to track sales, commissions, fee structure, and payouts. “The broker can prioritize their activities and not let let the small client consume more than their fair share of time that should be spent with the more “profitable” clients,” explains Rick Spiller, a partner at Wilson, Hull & Neal and another CommissionTrac investor.