What is Unison?
Unison offers a unique online platform that empowers home buyers and owners across 30 states and Washington, D.C. by allowing them to sell a portion of their future home appreciation. In exchange for 10% of a home's purchase price, which serves as a partial down payment, Unison and its institutional partners acquire a 33% stake in the property's appreciation upon sale. This innovative model has facilitated stakes in over $4.4 billion worth of housing, positioning Unison as a leader in the nascent co-investing sector. The company's founder and CEO, Thomas Sponholtz, brings extensive experience from his tenure managing a $28 billion residential mortgage portfolio at Barclays Global Investors.
How much funding has Unison raised?
Unison has raised a total of $42M across 2 funding rounds:
Series B
$40M
Debt
$2M
Series B (2018): $40M, investors not publicly disclosed
Debt (2020): $2M led by PPP
Key Investors in Unison
Citi Ventures
Citi Ventures is an investment arm likely focused on identifying and backing innovative companies within the financial technology and real estate sectors, aligning with Unison's disruptive model.
F-Prime Capital Partners
F-Prime Capital Partners is known for its investments in early-stage and growth-stage companies, particularly within healthcare and technology, suggesting a strategic interest in Unison's scalable platform.
The Royal Bank of Canada
The Royal Bank of Canada, through its venture capital or strategic investment arms, likely seeks to support companies that offer novel solutions in financial services and housing markets, complementing its existing financial offerings.
What's next for Unison?
The recent major strategic investment, coupled with the earlier substantial debt financing, signals Unison's transition into a scaling phase. This infusion of capital is likely earmarked for expanding its operational footprint, enhancing its proprietary technology platform, and potentially broadening its geographic reach. The company's leadership in the co-investing space suggests a strategic focus on solidifying market dominance and further developing partnerships with institutional investors to fuel future growth and innovation in the real estate finance industry.
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