HouseCanary plans to use $65m funding to scale platform

by Candyd Mendoza07 Feb 2020

HouseCanary has announced plans to grow its real estate analytics platform with the $65 million funding it has raised in a Series C round.

Morpheus Ventures, Alpha Edison, and PSP Growth led the funding round, which brought HouseCanary’s capital to $130 million. The home valuation fintech pioneer said it would focus on growing its technology and support for consumers, lenders, and investors.

“This latest round of funding will allow HouseCanary to continue to build the most accurate valuations in the housing market, continue to build our world-class team to accelerate development and broad market adoption of HouseCanary, and invest in our leading-edge technology,” said co-founder and CEO Jeremy Sicklick. “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.”

Since its launch in 2013, HouseCanary has already powered over $200 million in real estate transactions every month.

“We invest in disruptive companies that are innovative and creative in how they tackle the changing landscape,” Joseph Miller, managing partner at Morpheus, said. “Through their proven software and data-driven technology HouseCanary is streamlining real estate transactions and changing the future of the industry.”