Working Equity, Inc., a San Francisco, CA-based provider of a financial services product that empowers homeowners to lock in the equity value of their home closed a $5m equity financing.
The funds will be used to support the growth of the company.
Working Equity allows new homebuyers to remove downside risk while retaining the potential for their home value to appreciate, and enables existing homeowners to protect their home’s current value and equity.
The financing was led by venture capital firm Kleiner Perkins Caufield & Byers.
ClearCreek Partners served as the exclusive financial advisor to Working Equity in this transaction.