Parkway Doubles Down on Smart Building Feasibility Software Innovator, TestFit, with $20M Series A – Here’s why
Record-high home prices, combined with record-low inventory, have created an affordable housing supply crisis in America. The White House in May unveiled a plan to ensure that five years from now, the American homeownership dream will once again become attainable. One key component of the plan includes continuous investment in new construction and working with private companies to “improve building techniques” to accelerate development.
The team at TestFit is already doing exactly that. This is why Parkway doubled down on their innovation – this week TestFit announced their $20 Million Series A lead by us at Parkway, following our initial $2 million seed round in 2020.
Early on, Gregg and Jesse recognized TestFit would become a disruptor driving a paradigm shift in the real estate industry. And we knew TestFit had all the underpinnings to become the industry standard for generative design innovation in the real estate market – and finally bend the curve on affordable housing.
Fast forward to last Wednesday:
- ZDNet sees TestFit’s AI as the best hope for more affordable home ownership
- Dallas News touts TestFit as the next unicorn
- AI Magazine recognizes TestFit for its AI power to improve outcomes for its customers and other investments
- SiliconANGLE points to TestFit’s real estate feasibility analytics in accelerating go/ no go decisions for over 200 commercial customers
Expect a lot more from the TesFit team and technology – we will be reporting on their continued traction and far-reaching impact across the real estate sector – from making affordable housing accessible to redefining the industrial warehouse and buildings space.