Home365, a tech-enabled platform that aims to make real estate investing and property management accessible, has raised $26m in Series B funding.
The round was led by Israel-based Viola Growth. This funding follows a $16.3m Series A funding round in June 2021 led by Greensoil PropTech Ventures and existing investors Eyal Ofers O.G. Tech, Gatewood Capital, Verizon Ventures, Samsung Next, Lool Ventures and North First Ventures. Most of those investors have joined Viola Growth and have also participated in the current round.
Home365 currently manages more than $1.5bn in investment assets across 7,000 properties in 17 cities and seven states.
The company said it helps investors through real estate investing education, acquisition of investment properties, day-to-day property management of the assets across multiple metros, and growing their portfolio over time while underwriting the performance of their assets.
The Home365 system uses a patent pending machine learning underwriting engine to deliver a property management solution. The team identifies qualified tenants, conducts credit, background, and rental history checks. Tenants are able to report maintenance and repair issues through the Home365 app, guaranteeing quick attention and accountability.
Home365 plans to use this funding investment to further deepen the functionalities of their real estate investing and management platform as well as to expand to multiple cities across the country including Chicago, Seattle, Phoenix, and more.
Daniel Shaked, Home365 founder and CEO, said, “Our goal is to democratise and “unlock the wealth” associated with real estate investing for everyone across the globe by removing the risks and hassles.
In fact, we have introduced a new financial asset class that drives predictable and passive ROI as an alternative to any other way of passively saving… Our model attracts not only professional Investors who embrace peace of mind but especially a new market segment of people who are interested in diversifying their cash into a Real Estate without the pains associated with being a landlord.”
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