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Updater Raises $60M in Funding

Updater Technologies, a NYC-based technology platform powering the relocation industry, raised approximately $60m in funding with an option to raise approximately $15m in additional capital, for a potential total $75m convertible note series. Investors in this new convertible note round include Second Century Ventures, the strategic investment arm of the National Association of REALTORS®. The holders of the convertible notes have the right to convert to equity upon a public listing at a future date. Led by David Greenberg, Founder and CEO, Updater provides a platform for households to relocate. With Updater, users forward mail, connect TV and internet, compare and book moving companies, transfer utilities, update accounts and records, and more.

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