Home365, a San Jose, CA-based provider of a tech-enabled platform for real estate investing and property management, raised $26M in Series B funding.
The round was led by Viola Growth. It follows a series A round of $16.3 funding round in June 2021 led by Greensoil PropTech Ventures, and existing investors Eyal Ofers O.G. Tech, Gatewood Capital, Verizon Ventures, Samsung Next, Lool Ventures and North First Ventures. Most of those investors have also participated in the current round.
The company intends to use the funds to further deepen the functionalities of their real estate investing and management platform as well as to expand to multiple cities across the country including Chicago, Seattle, Phoenix, and more.
Led by CEO Daniel Shaked, Home365 provides a platform that supports investors through real estate investing education, acquisition of investment properties, day-to-day property management of the assets across multiple metros, and growing their portfolio over time while underwriting the performance of their assets. Analyzing and underwriting more than 40 data points such as property age, size and location, Home365 provides them with an affordable performance guarantee and a one-stop option that handles all aspects of property ownership including management, vacancy, day-to-day maintenance and operational costs.
It currently manages more than $1.5B in investment assets across 7,000 properties in 17 cities and seven states.
The company also has an R&D center in Tel-Aviv, Israel and an Operations hub in Lancaster, PA.
FinSMEs
29/03/2022