HouseCanary, Inc., a San Francisco, CA-based home valuation fintech company, closed a $65m growth funding.
The round, which brings total funding to $130m, was led by Morpheus Ventures, Alpha Edison, and PSP Growth.
The company intends to use the funds to continue to build the most accurate valuations in the housing market, continue to build its team to accelerate development and broad market adoption of HouseCanary, and invest in technology.
Founded in 2013 and led by CEO Jeremy Sicklick, HouseCanary is a valuation-focused real estate brokerage used by financial institutions, investors, lenders, mortgage investors, appraisal management companies, and consumers for valuations, forecasts, and transaction-support tools and accelerate acquisition, underwriting, portfolio management, and more.
By working directly with institutional investors, the company already powers more than $200 million in real estate transactions each month.