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Fund That Flip, a New York-based real estate focused fintech platform View full company profile
“> announced the initial close of a $20 million Series B funding round. The financing was led by New York's GPO Fund, with participation from MassMutual Ventures (full company profile here) and Tribeca Early Stage Partners. More than 50 Fund That Flip clients also participated in the financing through an AngelList syndicate led by real estate tech investor Jonathan Wasserstrum. Previous investors included Edison Partners and SoundBoard Venture Fund.
Founded in 2014, Fund That Flip (team of 115) provides an end-to-end platform for local real estate entrepreneurs. Their technology platform is focused on providing solutions for the entire residential real estate market and passive wealth creation for both private and institutional investors.
“Real estate investors are an integral part of the economy in building homes, creating jobs, and growing businesses and communities. Since our founding, we have been focused on solving a problem many entrepreneurs face: access to capital and technology to grow their businesses. This funding accelerates our mission to provide technology-first solutions that drive even more value to local entrepreneurs who are creating value in their communities. With this funding, we plan to create even more innovative solutions for real estate entrepreneurs, bring them even more value by optimizing the real estate investment ecosystem with data and technology, and continue to provide unparalleled customer service to help real estate professionals move their businesses forward. We are excited to partner with GPO Fund as they have a proven model of helping companies disrupt analog markets through the creation of data-driven solutions and platforms.” – Matt Rodak, Founder and CEO of Fund That Flip.
As part of the round, Jeff Stewart, partner and managing director at GPO Fund, will join Fund That Flip's board of directors. “I'm really excited to see how Fund That Flip is leveraging data and technology to empower a huge underserved market. They've grown at incredible speed over the last 12 months and we see a huge opportunity ahead of them,” said Stewart. “Fintech companies are transforming entire industries through vertically integrated technology solutions and the Fund That Flip team has an incredible track record of leading that innovation in the real estate industry.”
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