Real Estate Startup Plans Expansion, Huge Funding Goal Around Amazon HQ2 Pick

Amazon will cause a seismic shift in the real estate market wherever it places its second headquarters, and one startup is gearing up to get in on the ground floor.

CityBldr, an app that uses a machine-learning algorithm to find clusters of single-family homes zoned for multifamily and sell them for higher prices, is committing to open a third office wherever Amazon HQ2 lands, GeekWire reports.

CityBldr founder and CEO Bryan Copley was inspired to capitalize on and facilitate the increasing density of cities when Amazon's growth transformed his neighborhood in Seattle. His company's algorithm brings together individual homeowners to sell their properties as a unified parcel to multifamily developers, thereby getting a better price for their land than they would as individual sellers.

In December, CityBldr expanded into Los Angeles, its second city, with a funding round of $2.9M, as well as a brokerage partnership with JLL. But as it gears up to follow Amazon HQ2, it also is expanding its scope into buying property of all types outright, rather than simply connecting single-family homebuyers with sellers. To bankroll such an expansion, CityBldr has launched a $100M funding round.

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