TurboAppeal Raises $4 Million Series A Round

Top Quote Backed by Guaranteed Rate, Barbara Corcoran Venture Partners, @Properties, Camber Creek, Garland Capital, Property Tax Appeal Startup Poised for Fast Growth. End Quote
  • Chicago, IL (1888PressRelease) October 07, 2016 - TurboAppeal, a leading technology firm that helps consumers and businesses appeal property taxes, announces today it has secured a $4 million Series A round led by Guaranteed Rate, Barbara Corcoran Venture Partners, Garland Capital and Camber Creek. Also participating in this round were Hyde Park Venture Partners, ( @ ) properties and other strategic real estate technology investors dot

    "We have been very fortunate to have the support from these outstanding business visionaries and investors," said Badal Shah, co-founder and CEO of TurboAppeal. "We are honored they believe in our vision of what we can accomplish in this industry."

    With its proprietary software and strategic partnerships, TurboAppeal is disrupting the multibillion-dollar real estate industry by combining big-data and property tax appeals. This funding round will help further TurboAppeal's national expansion, and grow both its consumer and commercial lines of business by developing new products and services.

    "We have seen first-hand how TurboAppeal's technology and service are game-changers in the real estate industry," said Thaddeus Wong, co-founder of Chicago-based ( @ ) properties, the 11th largest brokerage firm in the U dot S dot by sales volume dot "We're excited to be a part of the team as they continue to grow and innovate within the industry dot "

    In 2016, TurboAppeal has opened an additional office in Miami and announced a strategic partnership with Paradigm Tax Group, the leading national real estate consulting firm, to revolutionize the commercial property tax appeal offering.

    "We believe TurboAppeal has the ability to help so many property owners across America tackle a problem that has plagued them for years," said Co-founder and Managing Director of Barbara Corcoran Venture Partners, Phil Nadel. "We're looking forward to helping them expand."

    For more information on TurboAppeal, please visit www.turboappeal.com, or contact Anna Niesen at 312-517-7023 or aniesen ( @ ) turboappeal dot com.

    About TurboAppeal
    Founded in 2015, TurboAppeal provides best in class technology combined with exceptional customer service to make the process of appealing property taxes simple. The driving force behind TurboAppeal's success has been the data-driven approach to ensuring the most accurate evidence to support an appeal. With offices in Chicago, Denver and Miami, TurboAppeal is currently expanding nationally.

    About ( @ ) properties
    ( @ ) properties is the No. 1 independent residential brokerage firm in Illinois and one of the top 11 residential brokers in the U.S. by sales volume. ( @ ) properties has more than 2,000 licensed brokers in 23 offices throughout downtown Chicago, surrounding suburbs, southwest Michigan, and Lake Geneva, Wisconsin.

    About Barbara Corcoran Venture Partners
    Co-founded by Phil Nadel and Barbara Corcoran, of ABC's hit TV show Shark Tank, Barbara Corcoran Venture Partners allows investors an opportunity to invest alongside Barbara in innovative, post-revenue companies led by dynamic, growth-oriented entrepreneurs.

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