Humming Homes, a NYC-based technology-enabled home management solution targeting single-family households in suburban markets, raised $5.6M in Seed funding.
The round was led by Greycroft with participation from AlleyCorp, Thrive Capital, Sound Ventures, New Valley Ventures, and prominent angel investor, Abby Miller Levy. In conjunction with the funding, Ian Sigalow, Co-Founder and Partner at Greycroft, will join the Board.
The company intends to use the funds to continue to expand beyond their initial markets in the Northeast.
Founded by Adeel Mallick, CEO, Kyle Carnes, Head of Operations, and serial technology entrepreneur Kevin Ryan, Chairman of the Board, Humming Homes provides end-to-end management solution powered by software for single-family homeowners with a digital-first experience, dedicated in-person home management teams offering a single point of contact, 24/7 live support, and data and insights to avoid reactive & expensive home maintenance issues.
The company is focused on offering a homeowner-first solution with an initial target customer base of the “mass-affluent” – single family homes valued greater than $750K and located in dense, desirable home markets such as The Hamptons, Greenwich, Westchester, Miami, Fort Lauderdale, Greater Los Angeles, Scottsdale, and Texas (Austin, Houston, etc.).
They recently signed a strategic partnership with Douglas Elliman (“DE”) for additional access to distribution during the homebuying process, facilitated by an investment from their venture arm, New Valley Ventures. Humming Homes will be working with DE to launch in additional tri-state markets in the coming months as well as the South Florida region including Miami, Palm Beach, and Fort Lauderdale, later in 2021.
Humming Homes was founded in early 2020 and incubated with AlleyCorp, a venture capital firm & studio run by Kevin Ryan (previously raised $2.5M). The latest funding brings total capital raised to $8.1m.