WAV Group has been highly focused and engaged in a new emerging category of real estate technology that wears many names – homeowner portals, client portals, or customer portals. Compass agent Melissa Menard explains it the best – she says that in real estate we have been “Frankensteining our business” with a bunch of apps and we need to put it all in one place for our clients.
Milestones is the newest entry whose development efforts began more than three years ago to do just that. This investment from industry partners is to allow the company to launch widely and powerfully.
Check out this video below to hear what agents are saying about Milestones –
If you are a broker or MLS who has not seen Milestones – check out the website – Milestones.ai. It is super easy to set up a demo. If you are a MoxiWorks customer – reach out to Georgia Perez. MoxiWorks has a special program that was announced in May that is launching now. Their sales leaders are Ashley Terrell who moved over from Buyside and Mike Malinowski who moved over from Constellation. You can also just hit the “get demo” button on their website.
The website features a great video from respected industry leaders who are very excited about how Milestones can help agents, team, and brokerages create Forever Clients.
If the cohort of companies like Milestones gain high adoption among agents and consumers, there is a strong chance that this will disrupt the lead generation business which feeds off of the disconnection between agent and client after the close. Customers are not likely to go to Zillow.com or other paper broker lead generation websites if they have a portal that informs them about the value of their home, their refinance options, and other related housing information all in one place, backed by a service professional that cares.
Milestones Board of Directors Announced
Joining the Board of Directors for Milestones will be Dustin Gray, Milestones Founder and CEO; David Greenberg, Founder and CEO of Updater; Brian Maughan, EVP of FNF; Mark A. McLaughlin, CEO of McLaughlin Ventures; and Scott Gordon, CEO of Open Mortgage.
Full Press Release Follows
AUSTIN, Tex. – July 28, 2022 – Milestones (milestones.ai), the all-in-one homeowner portal making it easier for consumers to buy, move, sell, and manage their home, raised $10.3 million in Series A funding. Updater, the national leader in moving technology, led the investment round. The raise comes after three years of product development in stealth mode and will help fuel a rapid go-to-market strategy. Other strategic investors in the round include Second Century Ventures (the strategic investment arm of the National Association of REALTORS®), Peerage Capital, McLaughlin Ventures, WAV Group Ventures, T3 Partners, Sellers Shield, as well as individuals and other large brokerages.
Milestones is the first technology firm to deliver a home ownership portal similar to consumer offerings for managing healthcare, personal finance, and education. Milestones monitors the value of your home, provides search for homes for sale, and even manages the transaction when you are ready to sell your home. Milestones is available to consumers at no cost, in partnership with real estate professionals in brokerage, mortgage, title, and insurance.
The most significant benefit to consumers is having the support of their real estate advisors in managing home ownership between transactions. “Managing a home is complicated,” says Dustin Gray, Milestones Founder and CEO. “The average home has more than 150 systems that need to be maintained and consumers need help keeping it all organized. Gutters need to be cleared, water filters replaced, concrete sealed, dryer vents cleaned and so on. Milestones has checklists for all of it, complete with DIY videos, or access to professionals who will do it for you.”
“Convenience and simplicity are core to the Updater mission” says David Greenberg, Founder and CEO of Updater, the nation’s leading relocation technology platform. “With our shared vision for simplifying the complex homeownership processes, Updater’s investment in Milestones is a natural fit.” “It is gratifying to see a wide spectrum of the real estate industry support such a profound effort to better serve consumers,” says Dave Garland, Managing Partner at Second Century Ventures, the venture capital arm of the National Association of Realtors®. “This investment represents our focus on promoting innovation in the real estate industry and its supported verticals.”
For more information, please watch the introductory video to Milestones.
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Milestones Board of Directors Announced
Joining the Board of Directors for Milestones will be Dustin Gray, Milestones Founder and CEO; David Greenberg, Founder and CEO of Updater; Brian Maughan, EVP of FNF; Mark A. McLaughlin, CEO of McLaughlin Ventures; and Scott Gordon, CEO of Open Mortgage.
About Milestones
Milestones is a customer-for-life experience platform for buying, selling, and managing home ownership – provided to consumers by professionals in real estate, mortgage, insurance, and title. The integrated and open platform creates private personalized client portals where agents can stay connected, educate, and create value at every stage of the homeowner journey.
Learn more at Milestones.ai.
About Updater Inc.
Updater is the go-to destination to conquer your move. We started in 2010 with a vision to transform the painful and complex process of moving into a frictionless and delightful online experience. Today, Updater is the industry leader in relocation technology, facilitating more than 25% of annual household moves in the U.S. We provide both consumer and business-facing solutions to drive value for all parties in the relocation ecosystem. Our portfolio of relocation brands includes Updater, Dolly, and MoveHQ. Dolly, a subsidiary of Updater, is the premier app to book on-demand moving and delivery services, with a 4.8-star rating in the App Store across over 20,000 reviews. MoveHQ, a subsidiary of Updater, provides widely-used technology that helps moving companies run their businesses, from driver applications to warehouse management solutions, and more. Updater is headquartered in New York City.
For more information, please visit www.updater.com.
