Houwzer, a Philadelphia, PA-based tech-enabled real estate brokerage, secured $2m in seed funding.
With $1.6m already closed, the remainder of the round is scheduled to close on June 1, 2017. The round was led by Jay Minkoff, serial real estate entrepreneur, co-founder of Homebuilder.com, and Houwzer’s Chairman and operating partner, with participation from Ben Franklin Technology Partners, the StartupPHL Angel Fund, and other local industry leaders and angel investors.
The company intends to use the funds:
– to grow operations in Philadelphia
– to expand into a second major metro market in 2017, and
– to launch a new technology platform that will offer home transaction experience for both buyers and sellers.
Established in February 2015 by Mike Maher, CEO, Houwzer provides a tech-enabled real estate brokerage leveraging listing and buyer specialists who receive salaries instead of commissions, to focus on service, not just sales. To date, Houwzer has saved homeowners more than $2 million in unnecessary listing fees and has booked well over $100 million in sales volume.
The company now has 35 full time employees with plans to reach 55 by year’s end.