Agent Ace Acquires fypio; Creates OpenHouse; Raises $13.5M in Series A Funding
Summary
Agent Ace, a Santa Monica, CA-based data-driven real estate agent recommendation service, acquired fypio, a real estate company that provides a personalized, lifestyle-driven search experience for home buyers.The two companies have merged to create OpenHouse, a new real estate lifestyle search company that combines property search, data-driven real estate agent recommendations and neighborhood and community information.Prior to the acquisition and merger, Agent Ace has raised more than $6 million in funding, is available in more than 75 major U.S. metro areas and is a licensed real estate broker in 37 states, with more on the immediate horizon.The app is live in 14 metropolitan areas, and will continue rolling out to additional metros nationwide in early 2016.Founded by Mazen Fawaz in 2010 (CEO of OpenHouse), Agent Ace signed and launched strategic partnerships with major U.S. companies in the insurance, financial services and employee benefits sectors.