If the name Oliver Alexander rings a bell, it’s probably because you encountered him during one of his other pursuits. Like Orchid Health. Or the Remote.ly coworking space off of Mississippi. Well, his name may be coming up more often again, thanks to his latest pursuit. Meet Prophetic.
And they’ve just raised a round of funding, according to GeekWire, led by Entrada Ventures. SilverCircle, Progression, and other participated. (The amount of funding was not disclosed. And I’m not seeing any recent filings.)
“The real estate development, homebuilder, and brokerage industries have long needed advancement in technology that lets them move faster in identifying development opportunities. Whether you’re a multi-billion dollar national outfit, or a single-person development shop, you’re using the same resources: county websites, Google Earth desktop, and Excel sheets. Prophetic delivers immediate return on investment by letting our customers move about 40x faster, and significantly grow their businesses by expanding their acquisitions pipeline,” said Oliver Alexander, Founder & CEO of Prophetic.
What all does Prophetic do…? A lot.
Prophetic’s platform of industry-tools includes:
- SiteAi™ – create zoning-compliant site plans for subdivisions in seconds. Prophetic’s AI determines ideal lot & road locations and calculates yields net of wetlands and flood plains, including setbacks. A huge improvement in the “yield study” process that shaves weeks & thousands of dollars from development timelines
- DevMap™ – Prophetic’s proprietary statewide map of all new developments in progress. Spot emerging markets, monitor competition, and operate like you’ve got a team of analysts in your back pocket
- Zoning maps – all zoning maps, for all cities & counties across each state, in one place. Plus, extracted zoning control data such as minimum lot size, min/max density, setbacks, and more – available for all zones in all municipalities
- Development Intention Search – search for land by intended development type via Prophetic’s industry-first development intention search including filtering by key zoning regulations, zone type, and more
- Statewide Diligence Maps – rapidly assess environmental conditions with Prophetic’s integrated statewide wetlands, FEMA flood zones, Brownfield & Superfund, and other crucial diligence map layers
- Handwritten Letters – send handwritten, real ink letters to any landowner in 30 seconds within Prophetic to expand your off-market acquisition pipeline with unprecedented efficiency
Prophetic is already available in a number of states. This funding will help fuel expansion.
Launched in July 2024, Prophetic is available in California, Oregon, Washington, Florida, Texas, Georgia, Arizona, Colorado, Utah, Idaho, and Nevada. In the coming months, Tennessee, Maryland, and other states will come online as Prophetic responds to customer needs.
For more information, see the Prophetic press relase.
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