Amid report development, outgoing RealScout CEO Arthur Kaneko will relinquish the function to co-founder Andrew Flachner, who served as chief govt for 5 years upon launching the corporate in 2012.
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California-based proptech chief RealScout is starting the 12 months with an govt shakeup as co-founder and president Andrew Flachner returns to the CEO chair.
Flachner’s return comes amid banner development for the corporate, which features a 40 % year-over-year enhance in Annual Recurring Income (ARR), an 84 % annual enhance within the variety of potential homebuyers and sellers nurtured, a number of enterprise offers with Wherever Actual Property, Sotheby’s Worldwide Realty and HomeServices of America, and the rollout of its Professional+ platform.
He was the corporate’s first CEO from 2012 to 2017 and can proceed his duties as president.
Andrew Flachner
“Real estate professionals are under more pressure than ever, and we’re committed to providing the tools they need to succeed,” Flachner stated in an announcement. “With our strengthened leadership team, RealScout is positioned to help our customers navigate today’s challenges while driving sustainable growth and profitability.”
Flachner additionally thanked the earlier CEO, Arthur Kaneko, for his management. Kaneko joined RealScout in 2014 after management roles at enterprise capital agency DCM and tech platform Togetherville, Inc. Throughout his tenure, Kaneko led RealScout by way of a significant restructuring and rebrand, the growth of its flagship Purchaser Graph platform, the COVID-19 pandemic and the following market headwinds.
“Under his leadership, RealScout expanded its reach and established key partnerships with industry leaders,” Flachner stated. “Kaneko will continue to support the company as an advisor.”
Alongside a brand new CEO, RealScout appointed Nick Blumenthal as its new chief working officer and Seth Value as its first-ever chief advertising officer.
Blumenthal was promoted to COO after 10 years with the corporate as a software program engineer and vice chairman of engineering. Earlier than becoming a member of RealScout, the College of Louisville graduate additionally labored as a graduate analysis assistant for UofL’s Pc Imaginative and prescient and Picture Processing Lab and as a undertaking chief at DuPont’s Electrical Engineering Co-op.
Value is a 35-year advertising and development veteran and former Placester vice chairman. As Placester, Value helped scale the corporate to 450,000 clients, safe 4 rounds of funding, and obtain triple-digit income development because the VP of gross sales and advertising from 2011 to 2016. Then because the VP of business relations and product, he grew the corporate’s Actual Property Advertising Academy to 150,000 members earlier than leaving in 2023.
“The leadership transition comes at a crucial time for the real estate industry, as agents and brokerages face challenges including tightening margins, the [National Association of Realtors] settlement implications, rising lead generation costs, and persistent low inventory,” Flachner stated. “RealScout’s platform addresses these challenges by helping practitioners automate lead engagement, surface high-priority opportunities, and deliver actionable insights for sustainable growth.”
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