Updater, whose platform helps real estate agents streamline the moving process for clients, has closed a $45 million funding round and inked agreements to acquire two companies.

The startup — which allows real estate agents to help their customers transfer utilities, update accounts and records and forward mail, among other tasks — has entered into agreements to acquire IGC Software and Asset Controls Inc. The two firms provide business-management software to moving companies.

Updater plans to merge them into an owned subsidiary called MoveHQ Inc., and pair their technology with Updater’s existing consumer-facing platform to merge the “entire front-end and back-end of the industry,” Updater spokeswoman Jenna Weinerman told Inman.

Some of the largest brokerages, lenders and property management companies use a product from Updater to simplify the moving process for customers.

Updater represents a success story for the National Association of Realtors’ (NAR) push to cultivate technology for its membership. The startup was nurtured by the trade group’s startup accelerator and later received funding from NAR’s venture capital arm, Second Century Ventures — which still owns a stake in Updater.

“In a nutshell, buyers and sellers will soon be able to have a fully-digital moving experience,” Weinerman said. “And, the only way they’re going to get it, is by working with a Realtor or brokerage that offers Updater. Probably one of the best value-adds in the industry.”

Slated for release in the fourth quarter of 2017, MoveHQ will seamlessly integrate the two companies stand-alone products, including MoveCRM, SurveyHHG, MobileMover and Windfall.

Email Teke Wiggin.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×