Digital Mortgage Company Tomo Raises $40M Seed Round; Investors Include Ribbit Capital and NFX

Funding Rounds

▤ Summary

Tomo Networks raised a $40 million seed round led by Ribbit Capital, NFX, and Zigg Capital. The startup is building a digital mortgage and transaction platform to simplify the homebuying process for consumers and real estate agents. The company was founded by former Zillow executives Greg Schwartz and Carey Armstrong and says it will use technology to streamline mortgage workflows. Tomo is also hiring nationwide and plans to concentrate teams in Austin, Seattle, and Stamford.

$ Funding

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Amount $40.5M Total raised
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Date October 28, 2020 Announcement date
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Investors Ackerley Partners, NFX Guild Lead investors
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Company https://www.tomo.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Data Management

◇ AskAI Classifications

Labels
Geophysical Software Seismic Processing Software Imaging Software

▦ Linked Companies

GeoTomo
$1M to $5M