Ember Raises $17.4M Led By Peter Thiel To Bring Vacation Home Co-Ownership Mainstream
02/24/22, 9:12 AM
Money raised
$17.4 million
Ember, a real estate proptech company, is reimagining the vacation home experience through co-ownership powered by technology, management, and concierge services. The $17.4M financing was led by co-founder of PayPal, early Facebook investor, and venture capitalist Peter Thiel. Ember was founded by CEO Kurt Avarell (Canopy, Milbank), CRO James Sukhan (Qualtrics, Podium), and CXO Jeff Lyman (Nike, Vivint). All proven innovators with collective backgrounds in real estate, home building, legal, consumer goods, and SaaS, this team developed Ember as a streamlined technology platform for buying and owning luxury vacation property.
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On the cold chain front, the company alluded to the forthcoming arrival of its “first self-refrigerated, cloud-based shipping box.” “To date, Ember has over 129 granted patents surrounding temperature control, data, and connectivity. Seems Ember is now ready to start making good on that promise, courtesy of a new $23.5 million Series E that pushes its total funding to around $70 million.