Trulia founder Pete Flint backs real estate startup Modus
The founders of Seattle-based Modus cold emailed Pete Flint, the founder of Trulia and a current managing partner at the venture capital firm NFX, for months to no avail. In a last ditch effort, Alex Day, Jai Sim and Abbas Guvenilir sent one more message to the investor who’s real estate listings tool sold to Zillow in 2014 for $3.5 billion. They were at a coffee shop below his San Francisco office, was he interested in meeting?
Fortunately for them, he was.
Modus, a real estate startup focused on title and escrow services, is today announcing a $12.5 million Series A financing co-led by NFX’s Flint and Niki Pezeshki of Felicis Ventures. Liquid 2 ventures and existing backers including Mucker Capital, Hustle Fund, 500 Startups, Rambleside and Cascadia Ventures also participated in the round.
“The first revolution in online real estate was transforming the research experience, the next revolution in the industry is transforming the transaction,” Flint said in a statement.
Modus launched in 2018 with a focus on Washington State real estate opportunities. The startup, led by former employees of a nearly-defunct lunch delivery company Peach, has developed software to help both agents and home
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