Home Bay, a San Diego, CA-based full-service digital real estate company, received $13.5m in Series A-1 funding.
The round was led by Signal Peak Ventures with participation from Serra Ventures and E15VC.
The company intends to use the funds for further expansion, including enhancing its technology platform and expanding into more states.
Led by Ken Potashner, Chairman and CEO, Home Bay provides consumers with a platform to buy and sell homes with data-driven intelligence, complete transparency and an on-demand customer experience. The platform expedites the transaction with systems that save consumers and real estate agents time and money.
From within its system, the company has integrated escrow, mortgage and title services. Other service providers will be integrated. The service is currently operational in six states.