Amid record growth, outgoing RealScout CEO Arthur Kaneko will hand over the reins to co-founder Andrew Flachner, who served as CEO for five years after starting the company in 2012. It turns out.
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California-based proptech leader RealScout is kicking off the year with a shake-up in its leadership team, with co-founder and president Andrew Flachner returning to the CEO chair.
Mr. Flakner’s return is expected to increase the company’s annual recurring revenue (ARR) by 40% year-over-year, increase the number of homebuyer and seller leads cultivated by 84% annually, and several corporate transactions with Anywhere Real. This was achieved amid significant growth. Estate, Sotheby’s International Realty, HomeServices of America and its Pro+ platform deployment.
He served as the company’s first CEO from 2012 to 2017 and will continue to serve as president.
andrew fracner
“Real estate professionals are under more pressure than ever before, and we are committed to providing them with the tools they need to succeed,” Flackner said in a statement. “With our strengthened leadership team, RealScout is positioned to help our customers overcome today’s challenges while driving sustainable growth and profitability.”
Mr. Flakner also thanked former CEO Arthur Kaneko for his leadership. Mr. Kaneko joined RealScout in 2014 after holding leadership roles at venture capital firm DCM and technology platform Togetherville, Inc. During his tenure, Mr. Kaneko led RealScout through a major reorganization and rebranding, expansion of the flagship Buyer Graph platform, and the challenges of the COVID-19 pandemic and subsequent market headwinds.
“Under his leadership, RealScout has expanded its reach and established important partnerships with industry leaders,” said Mr. Flachner. “Mr. Kaneko will continue to support our company as an advisor.”
In addition to a new CEO, RealScout has named Nick Blumenthal its new chief operating officer and Seth Price its first chief marketing officer.
Mr. Blumenthal was promoted to COO after 10 years as a software engineer and vice president of engineering. Prior to joining RealScout, the University of Louisville graduate also worked as a graduate research assistant at UofL’s Computer Vision and Image Processing Laboratory and as a project leader at DuPont’s Electrical Engineering Co-op.
Mr. Price is a 35-year marketing and growth veteran and former Placester Vice President. As a Placer, Mr. Price served as Vice President of Sales and Marketing from 2011 to 2016, where he grew the company to 450,000 customers, secured four rounds of funding, and achieved triple-digit revenue growth. contributed to. Later, as Vice President of Industry Relations and Products, he expanded the company’s Real Estate Marketing Academy to 150,000 members, ending in 2023.
“The change in leadership comes at a critical time for the real estate industry, as brokers and agents face challenges such as shrinking margins and shrinking profits for the real estate industry. [National Association of Realtors] Settlement impacts, increased lead discovery costs, and persistent inventory shortages,” Flachner said. “RealScout’s platform addresses these challenges by helping practitioners automate lead engagement, surface high-priority opportunities, and deliver actionable insights for sustainable growth. Masu.”
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