San Francisco-headquartered HouseCanary, a Fintech firm focused on providing a real estate analytics solution, has secured $65 million through a growth funding round led by Morpheus Ventures, Alpha Edison, and PSP Growth. Following HouseCanary’s latest investment round, the firm’s total funding (to date) stands at $130 million.
Jeremy Sicklick, co-founder and CEO at HouseCanary, said that the firm’s latest round of funding will allow it to continue developing the most accurate valuations in the property sector. The company will also remain committed to expanding its global team, in order to accelerate development and promote broad market adoption of HouseCanary. Sicklick said.
HouseCanary’s platform offers both investors and consumers with the relevant information they need when purchasing a new home and assists them with homeownership process.
“Reliably automating home valuations replaces a two- to three-week human appraisal process with instant, actionable valuations at a fraction of the price. Consumers and institutional investors buying homes as well as financial institutions providing mortgages demand this, and we power it across America’s housing market.”
Joseph Miller, managing partner at Morpheus, noted:
“We invest in disruptive companies that are innovative and creative in how they tackle the changing landscape. Through their proven software and data driven technology HouseCanary is streamlining real estate transactions and changing the future of the industry.”
Established in 2013, HouseCanary offers residential real estate valuations for residential properties across the US. The firm is working towards developing a more efficient real estate marketplace. It leverages Big Data analytics and machine learning (ML) for its software development, which is used to manage properties in the residential real estate market.