What is Ownwell?
Founded by CEO Colton Pace, Ownwell is dedicated to empowering property owners by simplifying the property tax appeal process and identifying opportunities for cost reduction. The company's platform not only assists in appealing property tax assessments but also helps homeowners save money by uncovering eligible exemptions and reducing other homeownership-related expenses, such as internet bills and insurance. Ownwell operates within the burgeoning proptech and fintech landscape, leveraging technology to provide tangible financial benefits to its clientele.
How much funding has Ownwell raised?
Ownwell has raised a total of $55.8M across 2 funding rounds:
Angel/Seed
$5.8M
Series B
$50M
Angel/Seed (2022): $5.8M with participation from Scott Banister, Long Journey Ventures, Wonder Ventures, First Round Capital, and Founder Collective
Series B (2026): $50M led by Wonder Ventures, Left Lane, Alpha Edison, Long Journey Ventures, Proof, Western Alliance Bank, Intuit, First Round Capital, and Mercato Partners
Key Investors in Ownwell
Wonder Ventures
Wonder Ventures is a venture capital firm based in Southern California that focuses on investing in early-stage companies. They prioritize supporting founders by providing not only financial backing but also resources to help them grow their businesses.
Left Lane
Left Lane Capital is a venture capital firm that provides access to advisors and strategic experts, growth partners, leaders, public figures, and connections. The company was founded in 2019 and is headquartered in Brooklyn, New York.
First Round Capital
First Round is an early-stage venture capital firm that helps startups like Notion, Roblox, Uber, and Square tackle company building firsts. From tailored programs and a vibrant community, to custom-built software and content that serves up unique company building advice, the firm connects founders who are just getting started with the expertise and resources they need to make their first hires, build their first product and find their first customers.
What's next for Ownwell?
The recent major strategic investment signals a pivotal phase for Ownwell, likely indicating a move towards scaling operations, expanding market reach, and further developing its technological infrastructure. This capital will enable the company to solidify its position as a leader in property tax management solutions. Future initiatives may include enhancing its data analytics capabilities, forging new strategic partnerships, and potentially exploring adjacent services that complement its core property tax reduction offerings. The company's focus on tangible savings for property owners positions it for sustained growth in a market ripe for disruption.
See full Ownwell company page
