EXtrance Announces Closure of Seed Funding

EXtrance, a tech startup serving primary sponsors and their investors in commercial real estate limited partnerships, announced the closure of their seed round of funding. After raising $850K, the principal of which was a pre-IPO investor in Apple, MasterCard, Amazon, and Control Data, it has opened up an additional $150K round for strategic partners. Throughout 2021, EXtrance raised capital to develop an all-in-one investment management platform with AI integration, machine learning, and blockchain technology to automate back and middle office functions and facilitate commercial real estate investments. According to EXtrance founder William Lively, they expect to raise another $125K from individuals with a vested interest in the company and potential clients. Lively states, "Our platform is a holistic approach to solving all of the problems commercial real estate investors face, including that of illiquidity."