Home Bay Technologies, real estate start-up that promises “a smarter way to buy and sell homes with data-driven intelligence,” has completed $5 million funding round.
The company deploys a software platform that promises significant savings for consumers and an enhanced service experience. Investors include Foundation Capital of Silicon Valley, Serra Ventures and the lead investor, E15VC, a global VC fund.
Home Bay has transacted $250 million in home sales, saving customers $5 million in real estate commission fees among 500 home sellers in its initial deployment.
The funds raised will be used to accelerate a California-wide presence and to initiate the launch of the technology in Florida.
