REAL ESTATE:

Fwaygo, a pre-launch music app developer in Irvine, recently partnered with rapper Young Thug and raised over $1.6 million at what the company says is a $100 million valuation.

Fwaygo is a music streaming and social media app centered on music discovery and helping artists monetization their product. Its algorithm is “constantly learning” and adjusting the feed to each user’s individual tastes, giving them the “unique experience” of hearing new independent music.

The offering “is the iceberg heading for the [expletive] Titanic full of executive A&Rs with these big plaques who don’t do nothing,” CEO and co-founder Jeremy Greene told Young Thug in a livestream on Instagram. “We’re coming to sink it. We’re going to do fair deals, help you collaborate with people, get you on tours and get you on playlists.”

It’s also hiring software engineers; the company currently has a team of seven engineers and is looking to scale its team to about 16 in the coming months, according to the company’s LinkedIn job listings.

The firm recently moved into new offices at the Irvine Towers complex.

Its Instagram page currently has 40,600 followers; its 100,000th follower will get a “bust down” Rolex watch, Greene said.

The app is slated to be released publicly in the coming months.

Irvine-based real estate app developer SetSchedule said its technology has helped facilitate $3.5 billion in real estate transactions since its 2018 product launch.

SetSchedule says its SaaS products bring real estate professionals, homeowners, and home shoppers together. Its offerings provide prospective home buyers with data about properties, and helps home sellers price their properties, among other services.

Since the SetSchedule app launched in 2018, the company reported it has expanded its core offerings to include consumer cloud communication products, artificial intelligence, and autonomous business flow applications.

“The growth made in the number of transactions over the last two years has built confidence that as a company, we are growing in the right direction,” officials said in a statement this month.

“We are seeing this due to the innovations we have made, utilizing machine learning to better score real estate agents, and introducing products including

SetHello which allows home shoppers to instantly connect with a real estate agent in their area.”

The startup reported now counts over 200 employees and has over 32,000 active users. SetSchedule Chief Executive Roy Dekel projects 120% growth by 2022, according to a statement.