Funding

HomeUnion Raises $16M in Series B

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What does HomeUnion do?

HomeUnion, is an online real estate investment management firm which enables value investing in single family rental properties. The company is completely managed cash flow property investment marketplace. This unique investment platform provides high income single family cash flow home nationally for real estate investors. This company brings together network of providers of properties who have excellent track record and are certified through a due diligence procedure. The property providers offer completely tenanted properties and stay on as property managers after buying. This makes sure of rental income, single point of accountability and greatly reduces the risk for investors out of state. Also, the maintenance and rent guarantees are available on homes in some markets. The company provides post purchase portfolio analysis, market intelligence and management oversight for those who invest.

How much HomeUnion was funded?

HomeUnion raised $16M in Series B on March 22, 2016 from Northgate Capital, Tamarisc and Colchis Capital Management.

Previous funding

  • Undisclosed amount in undisclosed round on November 1, 2011 from August Capital Partners
  • $5.5M in Series A on September 8, 2014 from Artiman Ventures

What is next for HomeUnion?

HomeUnion has raised a total of $ 21.5M in 3 rounds to date.  The latest funding raised will be used for providing seamless and personalized service throughout the entire lifecycle of an online real estate transaction. The funding will help the company in continuing its offering of the most transparent data, analytics and research on the SFR investment market, and for developing more online tools for analyzing the performance of rental homes on a granular level.

More about HomeUnion

The company was founded on November 13, 2009 by Ravi Renduchintala and Don Ganguly. It has its headquarters in Irvine, CA. The company is disrupting real estate investing by creating end to end experience of investing a viable alternative to wealth building.

 

 

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