Bay Area home-selling startup Reali to shut down a year after raising $100M funding


A Bay Area home-selling startup on Wednesday said it will shut down a little over a year after raising a $100 million funding round.

San Mateo-based Reali Inc. blamed the move on "challenging real estate and financial market conditions and unfavorable capital-raising environment."

Most of its staff of about 140 people will be let go on Sept. 9, the company said in a news release.

Reali provided a way for customers to buy and sell homes in one coordinated transaction, eliminating some of the complications…

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