Hometap Closes $12 Million Series A Funding

Hometap, a data-driven home equity investment platform, secured $12 million in a Series A funding round led by G20 Ventures. They were joined by previous investor General Catalyst, as well as American Family Ventures, the venture arm of AmFam Insurance, and Pillar.

Hometap facilitates near-immediate access to funds for homeowners while providing its investors access to the U.S. residential real estate market, where homeowners hold $14 trillion in equity. Hometap is designed to offer accredited investors the ability to participate in an asset class with low correlation to the U.S. stock market and a strong hedge against inflation, while also allowing homeowners to retain control and responsibility for their homes.

With this capital, Hometap plans to continue to build out its home investment platform and data science capabilities, and further extend its homeowner education initiatives.