Real estate info device maker Smarter Agent gets $6M
By Peter Key, Staff Writer
A company whose applications enable cell phone users to get information about nearby homes and apartments has received a private-equity funding of $6.2 million to make the applications widely available this year.
“This lets us pretty much complete a series of products that we’ve been working on and push them out nationally,” said Brad Blumberg, CEO of Smarter Agent Inc.
All but one participant in the funding were individuals.
The funding was led by Ira Lubert, who grew the real-estate investment firm he started with Dean Adler in 1997 into Independence Capital, a Philadelphia-based family of private-equity funds with $6 billion under management.