US-based real estate investment management firm HomeUnion received $16m yesterday in a series B round featuring Tamarisc, the venture capital arm of real estate-focused holding company TMC Group.
Boutique investment firm Colchis Capital, early-stage VC fund Artiman Ventures, and private equity and VC firm Northgate Capital also participated in the round, which lifted HomeUnion’s overall funding to $23m.
HomeUnion offers an investment management service focusing on single-family rental (SFR) properties that is aided in selection by a network of local estate agents and a data analytics engine. Clients can build up a property investment portfolio and track its value using the company’s technology.
Don Ganguly, HomeUnion’s chief executive, said: “This latest infusion of capital will help us provide seamless, personalised service throughout the entire life cycle of an online real estate transaction.
“The funding enables us to continue offering the most transparent data, research and analytics on the SFR investment market, and to develop more online tools to analyse the performance of rental homes on a granular level – by neighbourhood.”
HomeUnion’s last funding consisted of $5.5m of series A financing supplied by Artiman in 2014.