HouseCanary sweeps up $65m in funding round

HouseCanary, a digital real estate brokerage platform, has scored $65m in a growth funding round following a year where it doubled its revenue.

The round was led by Morpheus Ventures, Alpha Edison and PSP Growth, and brings HouseCanary’s total equity raised to $130m.

HouseCanary’s last round of funding came back in 2017 after it secured $31m in a Series B round from backers including PSP Growth and Alpha Edison. There was a relatively short period of time from the PropTech’s Series A and B, with its closing the former round in early 2017 on $33m.

Founded in 2013, the company is looking to continue its growth in the market by fostering market adoption and investing into its technology.

Based in San Francisco, HouseCanary leverages data analytics, machine learning, robotics, and SaaS technology to offer a real estate marketplace with ‘accurate’ property valuations. The platform powers over $200m in real estate transactions, it claims, and predictions are the solution will close over $100bn in transactions this year.

The platform helps investors and consumers to streamline the buying and homeownership process.

HouseCanary co-founder and CEO Jeremy Sicklick said, “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.”

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