Parcl provides real estate professionals with daily housing market signals, clean ownership data, and analytical tools to track market movements. Their product suite includes Portfolio Hunter for identifying property owners and Dealflow for tracking price shifts across thousands of markets. Additionally, the platform offers real-time data via API and resolution services for real estate prediction markets.
Funding
$13.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional real estate investment is capital-intensive, illiquid, and geographically limited, preventing many investors from participating in diverse urban markets. Existing real estate indices lack the granularity and real-time updates needed for effective speculation and hedging.
Solution
Parcl is a decentralized trading platform that allows users to invest in and speculate on the price movements of real estate markets through city-specific price indices. These indices represent the median price per square foot or meter in a given city, providing diversified exposure to an entire urban market. Updated daily with data from millions of sources, Parcl enables users to take long or short positions on these indices with low fees and no minimum trade requirements, making real estate investment more accessible and liquid. The platform operates autonomously, with non-custodial accounts and direct trades between users.
Target Audience
Parcl's primary users are retail investors, cryptocurrency enthusiasts, and real estate speculators seeking liquid, low-barrier access to urban real estate markets.
Features
- City Indexes representing the aggregate value of real estate in a specific city, updated daily.
- Perpetual futures contracts allowing users to speculate on the price movements of city indexes.
- Ability to take both long and short positions, enabling users to profit from rising or falling markets.
- Low fees and no minimum trade requirements, making real estate investment accessible to a wider audience.
- Decentralized platform operating without a central authority, ensuring transparency and security.
- Non-custodial accounts, giving users full control over their funds.
- Real estate pricing powered by data science, using millions of data points to ensure accuracy.