The Real Brokerage closes US$20 million strategic investment by Insight Partners

02 December 2020

On December 2, 2020, The Real Brokerage Inc. (TSXV: REAX) (OTCQX: REAXF) ("Real") closed a US$20 million equity investment by Insight Partners through the purchase of common share purchase warrants of Real as well as preferred equity units issued by a newly-formed US subsidiary of Real, REAL PIPE LLC, which are exchangeable for common shares of Real. 

Real is a technology-powered real estate brokerage in 21 US states and the District of Columbia. Real's mission is to make agents' lives better, creating financial opportunities for agents through higher commission splits, best-in-class technology, revenue sharing and equity incentives.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software scaleup companies that are driving transformative change in their industries. 

Gowling WLG advised Real on this investment with a team led by Jason A. Saltzman and that included Josh Rosen and Adam Sherman.

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