Home ownership investment providers Unison Home Ownership Investors raised $40 million in Series B funds led by F-Prime Capital, with Citi Ventures and Royal Bank of Canada.
Unison has two programs: HomeBuyer is designed to increase housing affordability and purchasing power for prospective home buyers by doubling to quadrupling their down payment, and HomeOwner allows existing home owners to unlock a portion of their home equity without borrowing. Both programs enable consumers to use the money provided by Unison for up to 30 years without interest or monthly payments.
Unison plans to use the funds to fuel growth in new and existing markets, build brand awareness, expand business operations, acquire new talent, and further advance its technology platform.