Houwzer Raises $118M In Series B Equity and Debt To Expand Within Seven-State Footprint, Launches Three New Consumer Products To Give Clients Competitive Edge
Summary
PHILADELPHIA--(BUSINESS WIRE)--Houwzer, an end-to-end real estate brokerage and homeownership platform powered by proprietary technology and an all-W2 labor model, announces the closing of a $118 million Series B financing. Houwzer has eliminated the percentage-based commission pricing for listings and rebuilt the brokerage model around the customer, creating a one-stop shop for real estate, mortgage, title, and escrow services that simplifies the chaotic and expensive process of buying and selling homes. This material advantage helps Houwzer home buyers beat out higher priced offers, which typically include appraisal and mortgage contingencies disliked by sellers. With these new consumer products, Houwzer will be able to meet the customer where they are in their journey and stay true to its mission of being a disruptor brand that is a better, faster, more cost effective alternative to the traditional brokerage model. A team of experts in enterprise solutions, financial technology, and healthcare IT sectors, Edison targets high-growth companies located outside Silicon Valley with $10 to $30 million in revenue; investments also include buyouts, recapitalizations, spinouts and secondary stock purchases.