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UpEquity Closes $50M Series B Funding Round to Democratize Homebuying

– UpEquity has closed a $50m Series B funding round led by S3 Ventures with $20m in equity and $30m in debt. – Next Coast Ventures also participated in the round, along with BP Capital Management, Alumni Ventures, Gaingels, Launchpad Capital and Early Light Ventures. – UpEquity has seen year-over-year revenue growth of 500% and has raised a total of $77m to date. – The company anticipates originating more than $1bn in mortgages over the next 12 months. – S3 Ventures Partner Charlie Plauche will be joining the UpEquity board. – UpEquity is part of a new class of startups called Power Buyers that are enabling homebuyers to make all-cash offers.