Seniors-focused home-sharing service plots expansion

Silvernest's announcement follows a $3 million funding round

Seniors-focused home-sharing service plots expansion

Silvernest, an online home-sharing service that pairs aging homeowners with qualified housemates, has announced plans to expand its user base, acquire new talent, and build out its digital platform with new features and functionality.

The announcement comes after the company raised $3 million in series A funding led by Incenter, a Blackstone Group portfolio company. The company has raised about $4.5 million in total funding to date.

“We’re passionate about what we do and find the benefits of home sharing go far beyond financial gain, with our users telling us they relish the companionship, connection, and security that comes with having a housemate,” Silvernest CEO Wendi Burkhardt said. “Incenter supports our mission and, with its backing, we’ll be able to refine and execute on our vision to provide a desirable housing and retirement solution for the nation’s rapidly growing aging population.”

Silvernest said it has seen remarkable growth since launching in 2015. In 2017, the company has expanded to all 50 states, grown its signup rate by 150% and, has made nearly 40,000 qualified matches in its system to date. The company said it will continue tapping the marketplace for aging tech, which is estimated to grow to $30 billion by 2020.

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