Houwzer, a Philadelphia, PA-based real estate brokerage, raised $9.5m in Series A funding.
The round was led by Edison Partners with participation from existing investors such as David Robinson’s Admiral Capital Group and real estate investor Ira Lubert and new investors GO Philly Fund and Chestnut Street Ventures. In conjunction with the funding, Michael Kopelman, General Partner at Edison Partners, who will join Houwzer’s board.
The company intends to use the funds to double its workforce over the next 12 months, enter the Greater Orlando market later this year expand into Greater Baltimore immediately, grow its existing presence across the Greater Philadelphia and Washington, D.C. regions, and extend services to include mortgage, title, and insurance divisions.
Led by CEO and Co-Founder Mike Maher, Houwzer is a real estate brokerage and home services company providing a platform that streamlines the entire transaction from beginning to end with an integrated one-stop shopping experience. The company employs seller and buyer agent specialists, who receive salaries instead of commissions, to exclusively focus on the customer experience. Houwzer is certified as a B Corporation.