Hometap gives property owners a way to tap into their home equity by partnering with an investor. That investor is essentially giving money in exchange for a portion of the future value of the homeowner’s home.
Company Name | CEO | Fund Raise | Led By | No. of Investors |
Hometap | Jeffrey Glass | $60M | American Family Ventures | 4+ |
Hometap 60m American Family Ventures
Hometap, a start-up company, that helps people in taking home equity without a loan, announced fundraising of $60M round led by American Family Ventures. Other investors are Bain Capital, G20 Ventures, Iconiq Capital, and Pillar and General Catalyst also participated in this funding round.
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The company CEO, Jeffrey Glass, considered this company a good business and their main motive is to provide liquidity and financial flexibility to their homeowners.