Arda, a new company, just scored $3 million in seed funding to build a digital operating system for the real estate world. This massive industry, worth a whopping $380 trillion, is notoriously fragmented and opaque. Arda aims to change that.
A Digital System for Real Estate
Arda’s platform is designed to be a one-stop shop for all things real estate. Think of it as a digital framework that brings together property assets, data, and financial services into one easy-to-use system. They’re using AI and blockchain to speed up transactions and make everything more transparent. Real-time tracking of ownership and finances is a key feature.
Key Features:
- Digital Asset Profiles: A complete and verifiable history of a property, making due diligence a breeze.
- Real-Time Money Movement: Payments directly tied to transactions for faster settlements.
- Automated Workflows: Less paperwork and administrative headaches for asset management.
Big Names Backing a Big Idea
Arda’s founder and CEO, Oli Harris, is no stranger to the financial world. He’s a former Managing Director at Goldman Sachs and Head of Crypto Assets Strategy at JPMorgan Chase. His experience includes working on enterprise blockchain platforms and advising several major crypto companies.
Harris says, “Real estate is incredibly valuable, but also incredibly clunky. We’re building a system that’s both programmable and trustworthy, bringing it up to speed with modern finance.”
The investment round was led by Lightshift, a venture capital firm focused on digital infrastructure. Lightshift’s partner, Simao Cruz, commented, “Arda is building the kind of infrastructure that could completely reshape how we own, buy, and finance real estate.”
The Future of Real Estate is Digital
The move towards digital real estate is gaining momentum. As institutional investors dive deeper into digital assets, governments are starting to explore ways to make digital property transactions secure and reliable. Arda is well-positioned to capitalize on this trend.
About Arda and Lightshift
Arda is building its platform for institutions, businesses, and governments. Lightshift is a venture capital firm investing in early-stage companies focused on digital infrastructure and programmable assets. For more information on either company, you can find them online.
