Israel-based Startup Waltz Secured $12.5 Million Investment to Support Foreign Investors

Waltz

Israeli startup Waltz, which offers a platform for non-U.S. investors to navigate the complexities of purchasing real estate in the U.S., has raised $12.5 million in a Series A round led by Aleph. This follows a previous Seed round of $11.5 million two years ago, led by TLV Partners. More than 40 prominent angels and private investors, including Ofir Ehrlich, David Krell, Talmon Marco, and Eyal Lifshitz, participated in these funding rounds.

Waltz’s platform provides a comprehensive solution for foreign investors entering the U.S. real estate market. Investors start by identifying their ideal property through a real estate agent, mortgage broker, or turnkey provider. Waltz then supplies an investor kit that includes everything needed to begin the process: identity verification, the establishment of a Limited Liability Company (LLC) with an Employee Identification Number (EIN), an assigned agent, and a pre-approval letter. Additionally, investors receive a U.S. digital bank account to manage rental income, pay property taxes, and reduce withholding.

In a conversation with Calcalist, Yuval Golan, founder and CEO of Waltz, said, “I have been making cross-border investments for many years. I was looking for a way to connect everyone involved in the remote real estate purchase process into an easy experience. I spare my clients all the difficulties of this challenging process. Each state in the United States is a different world, and we are looking for states that are friendly to foreign investors. The main state for investments is Florida, where 25% of the investments are from foreigners.”

The volume of real estate purchases in the U.S. by non-U.S. citizens is estimated at more than $53 billion annually. Waltz currently has 24 employees, with a development center in Tel Aviv, a business center in Miami, Florida, and additional staff in Europe and the USA.