# Riley Corporation

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

- Industry: Software
- Headquarters: New York, US
- Website: www.getrileynow.com
- Total disclosed funding: $3.1M
- Latest round: Seed (Mar 19, 2017)
- Investors on record: 9

## About

Riley Corporation specializes in human-powered lead engagement services tailored for the real estate industry, enhancing client interactions and lead conversion rates through timely and personalized communication.Founded in 2015 and headquartered in New York, US, Riley Corporation operates a lead engagement service aimed at the real estate sector. The company secured USD 3.1 million in Seed funding in March 2017 from investors including Fuel Capital and Y Combinator, marking its first funding round. Sarah Abitbol leads the company as CEO.Riley offers a human-powered lead engagement service specifically designed for the real estate sector. The core product, Riley Concierges, initiates communication with potential leads within two minutes of receipt, providing a 24/7 engagement model. This service utilizes proven conversational scripts to effectively nurture leads, ensuring that potential clients receive timely and personalized responses, which significantly enhances conversion rates. Riley’s target clients include real estate agents and brokers, with a user base exceeding 1,500 professionals across more than 35 states in the U.S. Additionally, the service streamlines lead conversion for casino gaming businesses, catering to audiences interested in online gaming. The geographical markets served encompass a wide array of U.S. states, making Riley a versatile solution within the real estate and gaming industries.Riley operates on a subscription-based revenue model, offering plans that start at USD 199 per month. Clients subscribe to access the services of Riley Concierges, who engage leads on behalf of the users. The subscription includes various features such as real-time conversation capabilities, custom script creation, and integration with customer relationship management (CRM) systems. The service aims to relieve users from the stress of managing lead follow-up themselves, thus providing a valuable solution to real estate professionals and businesses in the gaming sector.Riley Corporation's strategy for future growth involves expanding its product offerings and geographic reach. The company plans to develop new features for Riley Concierges to enhance user experience, with potential launches slated for late 2023. Additionally, Riley is targeting expansion into new markets, including the southern and midwestern U.S. regions, by 2024. The recent Seed funding of USD 3.1 million will be utilized to support these initiatives, allowing Riley to enhance its technology and expand its team to drive growth.

## Funding rounds

- Seed, Mar 19, 2017, $3.1M — Kleiner Perkins, Y Combinator, Social Capital, FundersClub, Rough Draft Ventures, Fuel Capital, Zillionize Angel, Liquid 2 Ventures, Investo

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Rough Draft Ventures (https://capitalatlas.ai/funds/rough-draft-ventures) — Seed
- Fuel Capital — Seed
- Zillionize Angel (https://capitalatlas.ai/funds/zillionize-angel) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Investo (https://capitalatlas.ai/funds/investo) — Seed