Utah-based home buying and selling startup Homie has picked up $23 million as part of its Series B round financing from undisclosed investors. Prior to this round, the firm had raised $2.3 million as part of a venture financing. The current infusion takes the total amount raised by the company to $33.7 million. The firm has raised the sum from the likes of KPCB Edge, Album VC, EPIC Ventures, Valar Ventures, Scott Cunningham and Utah Governor's Office of Economic Development -Gary R. Herbert.
Johnny Hanna, Matt Thorne, Mike Peregrina, and Mike Trionfo had started the company in 2014 as a peer-to-peer real estate marketplace where buyers, builders, and sellers of homes without the hassle of dealing with the high commission fees for the brokers.
CEO Johnny Hanna, the CEO of Homie commenting about the firm through a statement said, “Buying or selling a home is expensive and time-consuming because of all the different companies you have to work with. Communication becomes a game of telephone because of all the parties involved. We are disrupting the traditional model and saving customers thousands of dollars by combining technology, a team of experts and a one-stop-shop for real estate. Technology has changed everything except for the real estate business model. That time has finally come.”
The firm plans to use the freshly raised capital for its entry into the markets of Las Vegas, Dallas, Boise, Colorado Springs, Nashville, and Seattle. The firm claims to have saved more than $55 million in commissions of the users and posts growth of 150% over the past year.
Image courtesy : Homie