What does Deferred do?
Deferred is a technology-powered qualified intermediary that simplifies 1031 exchanges for real estate investors by eliminating unnecessary fees, enhancing fund security, and leveraging AI-driven automation.
How much did they raise?
The company raised $3.6M in a Seed round, with B Capital and Fika Ventures as the lead investors and support from strategic participants including experts from Ramp, Zillow, SoFi, Compass, Opendoor, Plaid, and Newfront.
What are their plans for the money?
Deferred plans to use the funding to expand its operational capabilities and further its development efforts, aiming to improve efficiency and security in real estate 1031 exchange transactions.
What have they achieved so far?
The company has made significant progress by recently acquiring Plenti Financial, formerly known as 1031 Exchange Advantage, which has facilitated nearly 7,000 1031 exchanges.
