The market for buying and selling homes is getting a tech-driven facelift, and Turin-based Newarc just raised $870K in seed capital to accelerate its vision. The proptech startup, founded in 2021, aims to innovate the real estate process through presale renovations and instant buying.
Newarc leverages a sophisticated algorithm, powered by AI and machine learning, to estimate property values. It then offers sellers two options: a presale renovation service where Newarc fronts the costs to maximize profit, or an immediate purchase offer for those seeking a quick sale.
