Propy launches $100M acquisition plan as it unveils Agent Avery to automate real estate closings

Artificial intelligence- and blockchain-powered real estate technology company Propy Inc. today announced a $100 million expansion to modernize the U.S. title industry while also debuting Agent Avery, an AI escrow officer for real estate closings.

The $100 million consists of a mixed financing package integrating private credit with blockchain-based DeFi loans. It will allow Propy to acquire title firms that it plans to upgrade to faster, safer and fully digital closings, powered by Propy’s on-chain model.

The company’s strategy is to acquire profitable firms in states like California, Texas and Florida to digitize their operations with AI and blockchain infrastructure.

“Real estate has had every kind of digital upgrade except the one that matters most, how deals actually close,” said Chief Executive Natalia Karayaneva. “By automating the closing process itself, we’re cutting out inefficiencies that have slowed this industry for decades. The productivity gains with AI are on par with what fintech did for banking.”

Along with its expansion plans, the company also launched Agent Avery, an agent built to eliminate manual work that consumes nearly 70% of an escrow officer’s time.

Avery has been designed to handle contracts, compliance, communications and escrow in traditional and crypto payments. The agent is trained on Propy’s dataset from thousands of transactions and is fluent in Real Estate Settlement Procedures Act regulations and real estate law, ensuring every closing stays compliant.

In pre-release testing, the company said, Avery has been shown to reduce workloads by 40%. In doing so, it allows agents to handle more deals per year, with a high-quality client experience for buyers and sellers.

“Agent Avery and our acquisition strategy give us a path to scale nationwide, transforming closings into a faster, AI-driven experience built for modern buyers,” added Karayaneva.

Founded in 2017, Propy has processed more than $4 billion in digital real estate transactions and operates as a licensed title company with AI automation at its core. The company has already made early acquisitions and says it has now identified a clear path to scale by consolidating midsized, profitable regional firms.

The acquisition strategy will see Propy target firms with $5 million to $50 million in revenue and strong local roots. Those firms can benefit from a tech upgrade, greater efficiency and nationwide scalability through Propy’s AI-powered platform.

The funding for the acquisition strategy is also notable, as it included on-chain private credit. Part of the $100 million is coming from crypto-backed loans powered by Morpho Labs Inc., a DeFi lending network on Base Inc. that has more than $12 billion in total deposits across more than 20 blockchains.

Photo: Propy