Powered by big data, advanced technology, and extensive expertise, Bowery is reinventing the entire commercial appraisal space. In a graying industry, in which 62% of appraisers are over the age of 50, Bowery is the first company to modernize the process, taking appraising out of dated excel sheets and into a powerful cloud based platform. By eliminating the pervasive administrative work, Bowery’s proprietary software allows its appraisers to produce more consistent reports, faster and at lower cost, than anyone in the industry.
Bowery closed its $1.75 million seed round in May and has been accelerating growth, both from a team and customer standpoint, since its launch in June. In September, Bowery signed an industry-shaking partnership with Cushman & Wakefield. In 2018, it will begin to look for new markets for geographic expansion.