# Cloze

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloze

- Industry: Internet
- Headquarters: Wellesley, US
- Website: www.cloze.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Apr 20, 2012)
- Investors on record: 3

## About

Cloze, Inc. is a provider of AI-driven solutions for the real estate brokerage industry, designed to enhance productivity, optimize client relationships, and improve sales outcomes through smart automation and actionable insights.Founded in 2012 in Wellesley, US, Cloze, Inc. specializes in customer relationship management for real estate professionals. The company is led by CEO Dan Foody, who is recognized for his experience in the tech sector. Cloze completed a Seed funding round in April 2012, amounting to USD 1.20 mn, with investors including Greylock Partners, Kepha Partners, and NextView Ventures. This funding has supported their operational strategies and product developments.Cloze offers a suite of AI-powered solutions tailored for the real estate brokerage sector, focusing on enhancing productivity and streamlining client relationships. Its core product, the Cloze CRM, automates essential tasks such as updating contact information, managing personalized marketing efforts, and tracking client interactions. The platform utilizes artificial intelligence for lead management, providing brokers with actionable insights. Additionally, Cloze features integrated marketing tools, allowing brokerages to implement targeted campaigns and improve marketing effectiveness across North America and internationally.Cloze primarily generates revenue through subscription-based models that grant clients access to its various tools and services. They offer different pricing tiers, allowing brokerages flexibility based on the features chosen. With its flagship products, including the Cloze CRM and marketing automation tools, the company secures ongoing revenue through annual or monthly subscription agreements, which enhance agent performance and operational efficiency.Cloze, Inc. aims to expand its product offerings and enhance its market presence. The recent Seed funding of USD 1.20 mn is expected to facilitate the development of new features and tools specifically designed for the real estate sector. The company plans to target additional international markets to broaden its clientele and increase market share by 2023. With the foundation laid by its initial funding and ongoing development, Cloze is strategically positioned for future growth.

## Funding rounds

- Seed, Apr 20, 2012, $1.2M — Greylock Partners, NextView Ventures, Kepha Partners

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed
- Kepha Partners (https://capitalatlas.ai/funds/kepha-partners) — Seed