Valuebase offers a proprietary technology platform that leverages machine learning and artificial intelligence to help government assessment and revenue agencies simultaneously optimize revenue collection and equity/fairness metrics. Led by CEO Will Jarvis and based in Austin, Texas, the company's solutions have been adopted by local governments across several states, including Texas, Florida, and Virginia. Valuebase raised $6.3M in Seed funding and plans to use the proceeds to expand product offerings, enhance its technology infrastructure, and accelerate expansion efforts. The round was led by Narya Capital, and as part of the financing Colin Greenspon, Co-Founder & Managing Partner at Narya, joined Valuebase’s board. Other investors include Sam Altman, Nat Friedman, Mythos Ventures and Julian Weisser. The company's focus remains on serving public-sector assessment and revenue agencies with data-driven valuation tools. ValueBase develops land-first mass appraisal models that prioritize land characteristics to automate valuation of land and buildings for municipal property tax assessors. The company ingests data from weather balloons, aerial photography vendors and other sources to estimate parcel value without intrusive on-site inspections. Founders argue land-centric valuation yields more accurate assessments by factoring proximity to schools, jobs, pollution, views and other legible land features. ValueBase intends to support municipal assessors, provide clearer valuation justifications to property owners, and capture data that can power commercial products for brokerages and mortgage lenders. The startup says it aims to map and value parcels across the U.S. and beyond to inform public works and policy decisions. As of the article, ValueBase is a six-month-old company with four employees distributed across North Carolina, Virginia and Texas and has just closed a seed round.

Total raised

$8M

Funding rounds

2

Latest round

Seed

Latest activity

Jun 2024