Cartavi
Cloud-based document-sharing solution and a smartphone app designed for real estate professionals.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Cartavi operated as a cloud-based document and transaction management platform tailored for the real estate industry. The company was founded in 2009 by Glenn Shimkus and Paul Koziarz. Shimkus, a veteran of the Chicago tech scene, conceived the idea after observing the challenges his real estate agent wife faced managing transactions outside the office. This direct insight into the industry's reliance on paper and the need for mobile solutions fueled the company's direction.
The business provided a platform enabling real estate professionals to store, manage, and securely share transaction documents from any computer, tablet, or smartphone. This addressed the complex, on-the-go nature of real estate work. The service was designed for ease of use, allowing all parties in a transaction, including low-tech clients, to participate through features like email and fax integration into the platform. The business model was subscription-based, with a reported cost of $10 per month. Cartavi's core clients were real estate agents, brokers, and their respective associations and multiple listing services.
Initially bootstrapped by its founders, Cartavi raised a $1.25 million Series A funding round in 2012 from investors including OCA Venture Partners and Pritzker Group Venture Capital to accelerate market growth. A pivotal moment was a strategic partnership with the e-signature firm DocuSign, which integrated its functionality into Cartavi's applications. This collaboration proved successful, and after an 18-month partnership, DocuSign acquired Cartavi in May 2013 for an undisclosed amount. Following the acquisition, Cartavi was rebranded as "Cartavi, A DocuSign Company" and its technology was integrated to create an end-to-end digital transaction solution for the real estate market. Post-acquisition, Glenn Shimkus took on a role as Vice President at DocuSign, heading its global real estate division.
Keywords: real estate technology, proptech, document management, transaction management, cloud platform, mobile real estate tools, Glenn Shimkus, Paul Koziarz, DocuSign for Real Estate, digital transaction, paperless real estate, real estate SaaS, document sharing, e-signature integration, real estate workflow, collaborative platform, agent productivity tools, broker solutions, real estate compliance, transaction rooms