Home Bay Technologies Inc., a San Diego, California-based technology-driven real estate startup, raised $5M in funding.
The round was led by E15VC with participation from Foundation Capital and Serra Ventures.
The funds raised will be used to accelerate a California-wide presence and to initiate the launch of the technology in Florida.
Led by Tom Owen, Co-founder and CEO, Home Bay deploys a software platform to buy and sell homes which aims to help consumers save money and to deliver an enhanced service experience.
According to a note, to date, the service has transacted $250M in home sales saving customers $5M in real estate commission fees among 500 home sellers.