Backflip raises $15 million in Series A funding led by FirstMark Capital to simplify real estate investment financing

Apr 29, 2024•about 1 year ago

Amount Raised

$15 Million

Round Type

series a

DenverReal EstateFinancial Services

Investors

Crow HoldingsEcmcRevel PartnersLive Oak Venture PartnersVertical Venture PartnersFirst Mark Capital

Description

Backflip has raised $15 million in a Series A funding round led by FirstMark Capital. The startup offers a service to real estate investors for securing short-term loans, helps investors source, track, comp, and evaluate potential investments, and aims to simplify the real estate investment financing process.

Company Information

Company

Backflip

Location

Denver, Colorado, 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.

FundzWatch™ Score

Medium Activity

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