Home Captain has completed its Series A financing round, which was led by US growth equity firm Spring Mountain Capital.
Spring Mountain Capital will join Second Century Ventures, the strategic investment arm for the National Association of Realtors, as investors in the company.
Home Captain is an online real estate platform that supports users through the homebuying journey. The platform matches buyers that have been pre-qualified for a mortgage with a network of real estate agents, increasing the application-to-closing conversion rate.
Its concierge team uses an algorithmic matching process to act as a liaison between loan officers, homebuyers and real estate agents to ensure an easier buying experience. Currently, the business works with more than 25 mortgage banks, and is looking to double this number, according to the company.
The company also offers a host of other solutions to help the ecosystem including, real estate agent screening and management, relocation program, technology integration, residential and commercial real estate brokerage representation and a customised buying and selling app.
Capital from the round will be used to accelerate the company growth and boosting its commercialisation efforts.
Spring Mountain Capital founding managing director Launny Steffens said, “Home Captain is precisely the type of innovative fintech company that we seek to invest in. It enables mortgage lenders to ‘close the loop’ in the application-to-closing conversion process. The market is rapidly adopting the company’s service platform because it delivers value to all the parties in the home purchase process.”
Last week, real estate data and software business EDR was acquired by Silver Lake and Battery Ventures in a $205m deal. The company uses due diligence and risk management technology to aid the real estate industry and can be used by lenders, insurers, legal firms and consultants.
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