From food delivery to housing: Former Favor founders raise millions for Sunroom Rentals
– Real estate tech startup Sunroom Rentals has raised $11m in Series A funding.
– The round was led by Gigafund and joined by existing investors including Ben Doherty and Zachary Maurais, former founders of the delivery app Favor.
– The company plans to use the funding to expand across Texas, including in Houston, San Antonio and Dallas.
Opiniion Raises $3M in Financing
– Opiniion is a software company based in Lindon, Utah.
– The company raised $3m in funding.
– The round was led by the Frazier Group, with participation from RET Ventures, AIM Ventura Capital and Tamarak Capital Partners.
– The funding will be used to continue to expand operations and business reach.
States Title Raises $150M in Debt Financing
– States Title is a provider of AI-based solutions for the real estate industry.
– The company raised $150m in debt financing from HSCM Bermuda.
– The new funding will be used to accelerate its roadmap and market expansion.
Knock raises $20M as pandemic drives demand for software used by apartment property managers
– Knock, a software company for apartment property managers, raised $20m funding.
– The round was led by Fifth Wall and joined by Madrona Venture Group, Lead Edge Capital, Second Avenue Partners and Seven Peaks Ventures.
– Vik Chawla, partner at Fifth Wall, will join Knock’s board.
LA-based Metropolis raises $41 million to upgrade parking infrastructure
– LA-based Metropolis raised $41m funding.
– The round was led by 3L and joined by Dragoneer, Starwood, RXR Realty, Dick Costolo and Adam Bain’s 01 Advisors, Slow Ventures, Dan Doctoroff, Baron Davis, and others.
– The company plans to upgrade parking infrastructure with a computer vision-based system that recognizes cars as they enter and leave garages.
Realm raises $3m seed round to help homeowners tap into their property’s $175,900 of potential
– Realm, the first centralized data hub for homeowners, has raised $3M in seed funding from Primary Venture Partners, Lerer Hippeau, and Liberty Mutual Strategic Venture Partners.
– Founded in 2019, Realm helps homeowners get more out of their single biggest asset by showing them what their property could be worth and how to access more of its potential value.
– Realm analyzes thousands of unique data points to highlight opportunities to increase property value through square-foot add-ons, renovations, rental units, and more, helping families to enjoy their home more in the present while getting more value from it down the road.
Insurtech Platform Company LeaseLock Secures $52 Million
– LeaseLock is a leading insurtech platform for real estate.
– The company raised $52m in Series B funding.
– The round was led by Westerly Winds (founding partners from BlackRock) and Wildcat Venture Partners.
UpEquity raises $25 million in equity and debt for its cash-pay mortgage lending service
– UpEquity, a cash-pay mortgage lending service, raised $25m in equity and debt funding.
– The round was led by UpEquity’s existing investors, including the founders of HomeAway, and others.
– The company plans to use the funding to expand its business.
Fraction Technologies Raises $289MM to Ease Financial Stress for Cash-Strapped Homeowners
– Fraction Technologies Inc. (“Fraction”), is announcing that it has raised C$289 million in a combination of equity and debt financing from Impression Ventures, Primetime Partners, Global Founders Capital, and Panache Ventures, among others.
– It will use this funding to launch in Canada, expand its team and technology platform, and prepare for its launch in the U.S.
– Fraction offers a digital platform that provides socially conscious financial solutions. Its flagship product, the Fraction Appreciation Mortgage is the first of its kind in North America.