- VAUNT, the Romanian sales and marketing platform for residential real estate, launches Client Portal for automated property appraisal
- This is the first in the announced series of new features, including a proprietary AI agent for processing documents
- The company is also growing presence in the US market
- VAUNT plans to accelerate product development and global expansion with fundraising
VAUNT is a Romanian B2B SaaS startup facilitating residential real estate sales. The platform offers a variety of intuitive modules for sales and marketing, designed to streamline these processes and contribute to the growth of partners’ businesses and the benefit of their end-customers.
VAUNT in Recap
The platform allows clients to keep track of their customers and enquiries, manage housing portfolios and inventory, run newsletter and SMS marketing campaigns, present portfolio apartments in 2D, manage financials, generate real-time statistics, and more. The company provides each client with tutorials and materials to help them grow their business, constantly listening and integrating feedback in the ongoing process of developing new functionalities.
ITKeyMedia highlighted this proptech startup earlier. At the time, VAUNT’s co-founder and CEO Irina Constatin announced plans of launching new products. This April, the company launched its Client Portal – a new feature that gives home buyers real-time market value data on their properties. The relevant market data is analyzed in real time, providing a current snapshot of a property’s value alongside market trend insights. Before, this type of data has been accessible only through costly market analyses for the end customer.
VAUNT positions itself as a compound startup – the one that creates multiple products that work in conjunction. Instead of offering a single product, the platform has been striving to serve as the infrastructure for the sales process in the residential space from day one.
‘We view VAUNT as both an ecosystem and an operating system for the residential sector. So, we often ask ourselves, what is missing from this ecosystem? Access to data and real-time data analysis is crucial. In today’s world, there are many products that gather data but fail to use it effectively. We provide our clients with this module so they can save time, money, and stand out in the market,’ Ms Constantin tells ITKeyMedia.
Automated Property Appraisal to Save on Managing Costs
VAUNT’s Client Portal allows real estate developers to cut costs by reducing the need for separate apartment appraisals. Each time a client logs into their personal account, they get an indirect estimate of their apartment’s value based on market data. Even though it is not an independent appraisal by VAUNT, the startup estimates that the new feature allows developers to save up to 120 euros per client on managing costs.
‘We use VAUNT for a series of projects and I can say that it makes our work way easier. The sales team uses the app the most and that’s how they manage to save time to close deals,’ HILS’ business development manager Octavian Burlan shares.
AI Module and More New Features Announced
‘There’s still plenty of potential for growth and innovation in the residential real estate sector,’ Ms Constantin is convinced. ‘We are continually developing new modules and functionalities for our VAUNT Developer and VAUNT Agency. We’re adding Vaunt Market into the ecosystem, our marketplace aimed at the US market, which facilitates international residential real estate acquisitions. We’re building an OS for the residential market, and every module, feature or launch that we make is geared towards that.’
Reportedly, VAUNT is also developing an AI module that promises to streamline sales processes for real estate developers and their clients. It is meant to boost productivity by up to 20% and reduce human error. Namely, It automates tasks like scanning identity documents and filling out contracts, transforming repetitive tasks into a quick and efficient process.
‘All of our development is in-house. My co-founder Razvan Mitre and I are both engineers, so we’re builders at heart and this is at the core of everything we do,’ Ms Constantin comments.
US Expansion Ignited
As for the US market, VAUNT did share that the team was actively seeking partnerships, strategic advisors, and funding from the US to support the launch of the global product. As such, Ms Constantin recently returned from the United States where she spent over a month, initially participating in Rubik Hub’s accelerator program and later relocating to New York to set up VAUNT’s business there.
‘I am dividing my time between Europe and the US because I believe that to successfully launch and grow in the US, it’s crucial to be present, build connections, and seize every opportunity. For example, we took advantage of an event organized by BlindSpot in Miami, where we successfully got VAUNT Market featured on one of their prominent billboards,’ Ms Constantin tells ITKeyMedia.
Plans: More Product Development and Fundraising
Currently, VAUNT focuses on developing a cross-border infrastructure that assists residential developers in launching products for sale on the global market and enables buyers to access multiple markets and make informed decisions concerning their purchases or investments.
‘As we build this infrastructure and automate all steps, including legal processes, verification, and private credit, we’re continuously refining our ecosystem. AI will play a crucial role in reducing processing times for our users. Additionally, we’re planning to enhance the community aspect of the ecosystem. The next decade is going to be exciting for the residential space! We’re building a global company, not just a US one,’ Ms Constantin concludes.
The founding team is happy with how VAUNT has been growing so far, with over 70 clients onboarded and without external funding. However, the team is looking to raise some funding in order to accelerate its mission and scale things faster to a global level. They admit to having already been approached by investors, and VAUNT is in the process of navigating through negotiating the best partnerships with kindred spirits who will share the company’s vision of how the residential space will look in 10 years time.
Kostiantyn is a freelance writer from Crimea but based in Lviv. He loves writing about IT and high tech because those topics are always upbeat and he’s an inherent optimist!