Elsewhere Partners is excited to announce its $15 million Series A investment in Austin-based Sellers Shield™, the leader in risk management and software solutions for the real estate industry. As part of the financing, Elsewhere Operating Advisor and Chief Product Officer at Snow Software, Sanjay Castelino, will join Sellers Shield’s board of directors.
Founded in 2015, Sellers Shield provides an innovative, digital platform for real estate disclosure forms that reduces the likelihood of lawsuits for sellers, agents, and brokers. The platform also offers legal protection for home sellers when a lawsuit occurs.
Bo Blackburn, real estate attorney and co-founder of Sellers Shield, found that disclosure documents were at the heart of most home sale disputes, and sellers are historically the only party in the transaction not protected. Home Sale Legal Protection™ was developed as a response to this inequity, offering home sellers up to $20,000 in expert legal representation.
"Disclosure can be the poison pill in any home sale. We're on a mission to prevent lawsuits for the residential real estate industry and protect home sellers from the financial and emotional hardship that stems when home sale lawsuits occur," said Blackburn. "Elsewhere has been great. With their investment and expertise, we will be able to reach more agents and sellers, more effectively."
The Company works with top brokerages, associations, and software providers including Keller Williams Realty, Compass, eXp World Holdings, RE/MAX, Coldwell Banker, and Berkshire Hathaway HomeServices, Texas REALTORS®, and Lone Wolf Real Estate Technologies. Sellers Shield has quickly become a leader in an increasingly dynamic PropTech sector, an industry that has already seen $8.5 billion in investment in the first half of 2021, according to GCA Advisors.
"Agents want their clients and business protected from lawsuits, which is why our platform has taken off in the market and become the gold standard for disclosure," stated CEO Jeff Daily. "We are thrilled to partner with Elsewhere Partners and have no doubt that their support and track record of success will help us achieve our goal of offering our product to every agent and seller in the country. It's all gas, no brakes here at Sellers Shield."
Sellers Shield will use the Series A investment to expand market coverage across the United States, grow its Austin-based team, and accelerate its product roadmap.
For more information about the investment, read the full press release.