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Making real estate more fair, transparent, and affordable for consumers.
-15% employee growth in 12 months
Real estate commissions have been kept artificially high for decades as a result of uncomfortableness from consumers to negotiate and archaic pricing systems. Clever is changing all that with its discount brokerage service.
Using an algorithm along with “concierge” staffers, Clever matches homeowners with agents who have experience in their price range and neighborhood. As a result, agents get more sales and Clever effectively negotiates on behalf of the consumer.
The startup competes with other discount brokerages like Redfin which attracts customers through aggregated realtor-sanctioned listings and provides discounts to home sellers through eventual rebates.
However, Clever is earning market share from Redfin through its differentiated strategies: intuitive customer experience and a portfolio of online content brands reaching millions of readers with expert real estate advice and education.
Steph
Company Specialist at Welcome to the Jungle
May 2023
$2m
LATE VC
Dec 2021
$8m
SERIES B
Luke Babich
(CEO)Previously Co-Founder & Principal Investor of Arch Buyers. Director of Strategy & Sales at L&T Co. Graduated from Stanford in Political Science.