Home equity alternative Point raises $122M in new funding

A startup that buys equity in homes and then offers to sell it back to residents has raised $122 million. Point, a Palo Alto-based firm, said Wednesday it raised $22 million in a Series B funding round led by Prudential Financial and DAG Ventures, according to Inman.

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Startup that offers alternative to home equity lending raises $122M Point raised $22M in a round led by Prudential Financial and DAG Venutures, and a further $100M to invest in homes March 21.

With these new partners bolstering our ability to serve homeowners, Point is better equipped than ever to realize its vision of a compelling alternative to debt-based consumer finance. We have built a formidable team of engineers, designers, underwriters, and account managers who make it easy for homeowners to choose home equity investments.

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Home equity alternative Point raises $122M in new funding Point, which provides an alternative to traditional home equity lending products, has raised $122 million in new capital from eight investors to expand its reach.

Startup that offers alternative to home equity lending raises $122M The Real Deal. Point, a Palo Alto-based startup, that buys equity in homes and then offers to sell it back to residents has raised $122 million.

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Got Home Equity? Point Raises $8.4 Million To Grow Home Equity Loan Alternative. Wealth Advisor Staff Contributor. September 13, 2016. which-if it works-would be a new asset class. So far Point has invested in 50 homes in California and recently expanded to Washington. The venture money.

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Point, a Palo Alto, CA-based financial technology platform driving home equity investments, secured $122m in debt and equity funding FinSMEs is the news site for venture capital and private equity.

Startup that offers alternative to home equity lending raises $122M March 21, 2019 12:00PM A startup that buys equity in homes and then offers to sell it back to residents has raised $122 million.