Tech Company Financing Transactions
UpEquity Funding Round
UpEquity, based in Austin, scored $25 million from Next Coast Ventures and private investors.
Transaction Overview
Company Name
Announced On
2/12/2021
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$25,000,000
Round
Series A
Investors
Next Coast Ventures (Lead Investor) (Thomas Ball)
Proceeds Purpose
UpEquity intends to use the funding for product development and business development with market-leading real estate agents and to further reduce their time-to-close to 10 days.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
3601 South Congress Ave. C304
Austin, TX 78704
USA
Austin, TX 78704
USA
Phone
Website
Email Address
Overview
UpEquity is a tech-enabled mortgage platform that is disrupting the U.S. mortgage lending marketplace by providing cash offers for everyone. Founded in 2019 by Tim Herman and Louis Wilson while they were attending Harvard Business School, UpEquity was created out of a passion to solve the broken home buying process.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Timothy Herman
Chief Operating Officer
Louis Wilson
VP - Engineering
Noam Ben-Tzur
VP - Finance
Tyler Bliha
VP - Human Resources
Abbey Perez
VP - Marketing
Seth Nagle
VP - Product Management
Robert Reagan
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About Database of VC Transactions
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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