HouseCanary, a San Francisco, CA-based data analytics and valuation platform for real estate professionals, closed a $31m Series B funding round.
Backers included PSP Growth, the venture and growth equity arm of PSP Capital, a private investment firm founded by entrepreneur and former Commerce Secretary Penny Pritzker, as well as Alpha Edison and other existing investors.
The company, which has raised $64m in total funding to date, intends to use the capital to further innovate on predictive analytics, technology, and go-to-market.
Founded in 2014 by Jeremy Sicklick, CEO, HouseCanary provides a platform that aggregates millions of data elements, including more than four decades of property data and an expanding set of proprietary data calculations and analytics, to accurately define and forecast values and market influences and help people make improved real estate decisions. The company currently has more than 100 employees and serves 250 enterprise customers, spanning established industry leaders like Invitation Homes, a top-three U.S. mortgage bank, and fintech innovators like LendingHome and Roofstock.
Google Cloud, RE/MAX, and First American are among the company’s notable distribution partners.