Prophetic successfully completes its seed funding round led by Entrada Ventures, enabling its expansion into ten additional states while offering advanced technology solutions for real estate development analysis.

Target Information

Prophetic is a Portland-based software company that enhances the real estate development analysis process. By offering a comprehensive suite of tools, including automated site planning, statewide development and zoning maps, zoning control data extraction, and innovative landowner outreach tools, Prophetic empowers developers, homebuilders, brokers, and architects to streamline their operations considerably.

Recently, the company has announced its expansion to ten additional states, increasing its service area to a total of 13 states. This strategic move is set to broaden the reach of its innovative platform, enhancing the efficiency of real estate development planning across various regions.

Industry Overview in the United States

The real estate industry in the United States is experiencing a technological transformation as firms seek to optimize their development processes amid evolving market conditions.