Better.com, a NYC-based homeownership platform, raised $200m in Series D funding.
The round was led L Catterton, which joined existing shareholders Activant Capital, Ally Financial, American Express Ventures, Ping An Global Voyager Fund, and 9Yards Capital.
The company, which has raised over $400M in equity capital since inception, intends to use the funds to grow the team and build out the technology.
Founded in 2016 by Vishal Garg, CEO, Better.com digitized the mortgage process by offering a commission-free digital model that utilizes technology to make the process of financing a home more efficient. In addition to its mortgage offering, the company is also offering clients integrated access to title insurance, homeowners insurance, and real estate agents across the country on its platform.
To date, Better.com has funded $25B in home loans and provided over $7B in cumulative coverage through Better Cover and Better Settlement Services, the insurance divisions of Better.com.