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.
Candor operates an autonomous mortgage underwriting platform that leverages advanced technology inspired by the aerospace industry. Recognizing the limitations of traditional mortgage processes, Candor developed its patented decision engine, CogniTech™, which automates the complex decision-making involved in underwriting. This artificial intelligence-powered system is designed to navigate an extensive array of guidelines and underwriting criteria, enabling it to make high-quality decisions quickly and cost-effectively without requiring human intervention. By integrating seamlessly into loan origination systems, CogniTech™ helps clients improve loan quality, reduce repurchase risk, and enhance operational efficiency. With substantial investment and extensive use cases backing its technology, Candor empowers financial institutions to adapt to fluctuating market demands, scale their operations effectively, and ultimately gain a competitive edge in the mortgage industry.
Purlin
Venture Round in 2023
Purlin is a developer of a real estate personalization tool aimed at enhancing the homebuying experience for consumers and supporting real estate professionals. The platform utilizes image-based artificial intelligence, machine learning, and natural language processing to help users explore various home styles and designs, allowing them to express their preferences effectively. By creating detailed profiles that incorporate individual style, lifestyle, geographic location, and budget, Purlin continually refines its recommendations as buyers interact with the system. This intelligent approach not only guides users through the homebuying process but also optimizes efficiency for real estate professionals and increases profitability for brokerages and lenders. Overall, Purlin strives to make the journey of finding the right home more satisfying and streamlined for all parties involved.
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.
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 operates a real estate wealth management platform designed to connect tax-conscious investors with experienced real estate owners and operators. This platform facilitates the transformation of individual property assets into investment wealth by raising co-investment capital through an online marketplace. It enables users to identify suitable properties, manage exchanges, and monitor their investments. With a focus on tax optimization, Realized leverages expertise in institutional real estate and structured finance to offer an innovative solution for tax-optimized real estate investing, allowing investors to evaluate various investment options with ease and objectivity.
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