Houwzer, a Philadelphia, PA-based end-to-end real estate brokerage and homeownership platform, closed a $118m financing round.
The funding includes $18M in Series B equity and a $100M warehouse line of credit. The round was led by Edison Partners with participation from follow-on investors Admiral Capital Group, GOPhilly, and Ben Franklin Technology Partners. This brings Houwzer’s total equity funding to $35m since its 2015 inception.
The company intends to use the funds to launch three new consumer products including Cash Advantage, Convenience Offers, and Buy Before You Sell to to further penetrate and expand within its six MSAs across seven states up and down the east coast and add key executives across Marketing, Product, People, and Home Services.
Led by CEO Mike Maher, Houwzer provides an end-to-end real estate brokerage and homeownership platform powered by proprietary technology and an all-W2 labor model across all of its salaried agents and mortgage advisors.
Currently operating in seven states, Houwzer services the Greater Philadelphia region, the Washington, D.C. beltway, the Greater Maryland region, and the Orlando, Tampa, and Jacksonville markets.
The company has enables clients to buy and sell 4,000 homes with a cumulative sales volume of nearly $2 billion.
FinSMEs
08/02/2022