Maryland-based company using AI to simplify the real estate marketplace
COLUMBIA, Md. (August 25, 2023) – TEDCO, Maryland’s economic engine for technology companies, announced a recent $100,000 investment in Sparen Holding Company, Inc. dBA Sparen Homes. This investment comes through TEDCO’s Seed Funds.
Sparen Homes, based in Baltimore, Md., is a transactional data company that uses artificial intelligence and machine learning to simplify complex purchases. Sparen de-silos the home buying process with an end-to-end solution that takes a matter of minutes. Its platform is attractive to sellers, buyers and organizations that need to manage home purchase transactions at scale, such as real estate developers and government agencies.
“Sparen’s business model of de-siloing the home buying process allows both sellers and buyers to manage the home buying process,” said Teddy Gresser, director of TEDCO’s Seed Funds.
TEDCO’s Seed Funds invest in companies showing promise of becoming venture-fundable companies or are likely to become sustainable through revenue, follow-on funding, or other forms of the corporate venture. For more information about TEDCO’s funding opportunities, visit https://www.tedcomd.com/funding.