NEW YORK — The online real estate app called Estoppel has raised a $150m Series A funding round from a number of top Wall Street investors.
The company will build its platform from scratch, not using existing apps that were already on the market.
Its goal is to become the leading app for home buyers, and it’s set to have over 3,000,000 real estate listings and 3,600 properties available to rent.
It also will sell rental apartments for rent.
The app has been in development for more than a year, and has been described as a “game changer” in the real estate industry.
It will be available to consumers, who will be able to search by price, neighborhood, and other criteria, but also buy, rent, or sell.
The firm plans to launch its app for $99 a year.