Backflip Announces $35 Million In Funding To Support Entrepreneurs Reinvigorating The Housing Supply

May 06, 2022•about 3 years ago

Amount Raised

$35 Million

Dallas

Description

Backflip, a real estate and fintech startup improving how entrepreneurs invest in residential properties, announces an $8 million equity seed round co-led by Vertical Venture Partners (VVP) and LiveOak Venture Partners (LiveOak) with participation from Revel Partners, Great Oaks VC, and Greg Waldorf, former founding investor and Board Member at Trulia and Zillow. The funds will be used to expand Backflip’s product development team and accelerate its 2022 public launch in Texas and Colorado. Additionally, the company secured $27 million of dedicated debt funding.

Company Information

Company

Backflip

Location

Dallas, Georgia, United States

About

Backflip is a real estate financial technology company that supports individual entrepreneurs reinvigorating the housing supply by acquiring and renovating single family homes. The company offers purpose-built technology and capital products used by its members to source, analyze and finance residential real estate investments. Backflip’s platform democratizes technology, data, and financing strategies that were previously only available to institutional investors and large corporations. Please visit www.dobackflip.com or download the Backflip Real Estate app at the iOS app store to learn more.

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Backflip Announces $35 Million In Funding To Support Entrepreneurs Reinvigorating The Housing Supply

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