Rice Park Capital

Rice Park Capital is a venture capital firm located in Minneapolis, Minnesota, that focuses on growth capital investments. The firm specializes in structured products and seeks to unlock value in complex opportunities within the residential, commercial mortgage, and real estate sectors. Additionally, Rice Park Capital targets investments in real estate technology and financial technology. By engaging in operational, legal, and regulatory roles, the firm aims to deliver cycle-resistant returns and create value in various aspects of the real estate and financial services industries.

Mark Filler JD

Partner, Operating Companies

Craig Freel

Co-Chief Investment Officer

Shawn Kelly

COO

Matt Kennedy

Partner and Co-Chief Information Officer

5 past transactions

Candor

Series B in 2024
Candor is a company focused on transforming the mortgage underwriting process through advanced technology. By leveraging aerospace-derived expert systems, Candor has developed the CogniTech decision engine, which automates mortgage underwriting decisions with precision and efficiency. This platform is designed to navigate complex guidelines and numerous underwriting scenarios, enhancing both the speed and quality of loan approvals while significantly reducing costs. With five years of development and substantial investment, Candor's technology allows clients to seamlessly integrate into their existing loan origination systems, facilitating rapid scaling to meet fluctuating demand. The platform not only improves loan quality and mitigates repurchase risks but also enables clients to enhance operational efficiencies and gain competitive advantages in the market. Candor's goal is to empower clients to rethink their business strategies and optimize their mortgage processes for the future.

Purlin

Venture Round in 2023
Purlin is a technology company focused on enhancing the homebuying experience. It achieves this through intelligent personalization, utilizing image-based AI to help users explore different home styles and designs. The platform creates detailed user profiles that consider personal style, lifestyle, geographic preferences, and budget, which are continually refined as users interact with the system. Purlin guides buyers through the entire process of finding and purchasing a home, leveraging automated intelligence and deep expertise in real estate and mortgages. This approach aims to make the experience more satisfying for buyers, efficient for real estate professionals, and profitable for brokers and lenders.

Capacity

Series C in 2020
Founded in 2017, Capacity is a support automation platform that uses AI to promote self-service, providing immediate Tier 0 and Tier 1 support for customers and internal teams. Capacity answers over 90% of FAQs and escalates more pressing, nuanced issues to the right person. Capacity works across chat, email, and SMS to help teams do their best work.

Capacity

Series B in 2019
Founded in 2017, Capacity is a support automation platform that uses AI to promote self-service, providing immediate Tier 0 and Tier 1 support for customers and internal teams. Capacity answers over 90% of FAQs and escalates more pressing, nuanced issues to the right person. Capacity works across chat, email, and SMS to help teams do their best work.

Realized

Series A in 2019
Realized Holdings, Inc., established in 2014 and headquartered in Austin, Texas, operates an online real estate exchange platform. This platform connects individuals and families with seasoned real estate professionals, facilitating the buying and selling of properties. Realized also offers investment consulting services, specializing in tax-optimized real estate investing. The company's platform enables investors to compare and evaluate various investment options, while real estate owner-operators can access attractively priced programmatic capital.
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