$12.5 million Secured by Waltz to Help International investors buy Real estate in America
A comprehensive solution to the process of foreign investment and purchase in real estate in the United States is provided by the platform that the Israeli startup offers to investors who are not from the United States.With the help of Aleph, the startup company Waltz, which is in the process of developing a platform that allows foreign investors to purchase real estate in the United States, has successfully raised $12.5 million in a Series A round. TLV Partners was the lead investor in the company's previous Seed round, which brought in a total of $11.5 million approximately two years ago. Ofir Ehrlich, David Krell, Talmon Marco, and Eyal Lifshitz were among the famous angel investors and private investors who took part in these rounds. Additional angel investors and private investors included.
Through its platform, Waltz offers investors from countries other than the United States a comprehensive solution to the process of foreign investment and purchase in real estate in the United States. Investors begin by utilising the services of a real estate agent, mortgage broker, or turnkey provider in order to locate the ideal property for their investment. Following that, Waltz gives them an investor kit that contains everything they need to get started on their journey. Verification of the investor's identity, a Limited Liability Company (LLC) with an Employee Identification Number (EIN), an assigned agent, and a pre-approval letter are all provided to the investor. Investors are then provided with a digital bank account in the United States in order to receive rental income, pay property taxes, and reduce the amount of withholding that is received.
In a discussion with Calcalist, Yuval Golan, the founder and CEO of Waltz, had the following to say: "I have been making investments across international borders for a considerable amount of time." My goal was to find a way to simplify the process of purchasing real estate from a remote location by bringing together all of the individuals involved in the transaction. I do not subject my customers to any of the challenges that are associated with this undertaking. We are looking for states that are welcoming to foreign investors, and each state in the United States is a unique world in its own right. Florida is the most important state for investments, and twenty-five percent of those investments come from outside the country.
For each year, it is estimated that non-citizens of the United States make more than 53 billion dollars worth of real estate purchases in the United States. A development center is located in Tel Aviv, a business center is located in Miami, Florida, and additional employees are located in Europe and the United States of America. Waltz has a total of 24 employees.
It is currently possible to purchase real estate through Waltz in the following states: Alabama, Florida, Georgia, Maryland, Minnesota, North Carolina, Ohio, South Carolina, Texas, and soon Arizona. There are plans to expand this service in the future. More than one hundred million dollars' worth of requests have been received by the company from private investors all over the world. These investors have been granted early access to the platform and have successfully completed transactions worth millions of dollars for customers from a variety of countries, including Israel, Chile, Colombia, Portugal, and others.
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