Rely

Building Rely, financial services automation for multifamily RE. I like pizza, proptech and the outdoors.

Rely is a diligence automation platform for multifamily real estate, built for the owners, operators, lenders, and servicers who normally spend weeks combing through rent rolls, financials, and operating documents on every transaction. The product converts unstructured files into structured data and guides diligence workflows at scale, cutting manual entry and time to close , and it audits that information against financial statements so deal teams can validate what they are buying or lending against. Customers cited at launch include Olympus, Price, and Cardinal Group. The launch matters because it pairs a working customer base with fresh capital aimed at scaling the platform. George Matelich, co-founder and CEO, describes the work as taking a giant mess of information in multifamily transactions or financing and helping people structure it , a problem most acquisitions and asset management teams still solve with two to ten analysts and shared spreadsheets. The pitch to the market is straightforward: turn a multi-week diligence cycle into something that can be completed the day a data room arrives. Rely was co-founded in Portland, Maine by George Matelich and David LoBosco , with Matelich previously holding senior product roles at multifamily resident onboarding tool Updater and home equity platform Hometap and LoBosco serving as CTO. The $4.5M seed is led by 2048 Ventures and Range Ventures with participation from Better Tomorrow Ventures, funding a roadmap focused on deeper coverage of multifamily transaction and audit workflows.

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