HouseCanary gets $33m in series A for house price data platform
San Francisco firm HouseCanary has secured $33m in Series A funding from backers including Hillspire and ECA Ventures. HouseCanary uses machine learning and algorithms to aggregate data and provide estate agents and homebuyers with up-to-the-minute information about property values. HouseCanary, which was founded in 2014, said it wanted to be the "most trusted company for accurate home valuations" and to eliminate potential human bias. The new funding will be used to expand operations. Investor Hillspire is the family office of Eric Schmidt, the executive chairman of Alphabet.
HouseCanary, a San Francisco, CA-based real estate analytics company leveraging data science to value and forecast residential markets and properties, raised $33m in Series A funding.

Backers included Hillspire (Alphabet Executive Chairman Eric Schmidt’s family office), Alpha Edison, ECA Ventures, Raven Ventures, Egon Durban and Nikesh Arora.

The company intends to use the funds to continue to expand operations.

Founded in 2014 and led by CEO Jeremy Sicklick and Chief Scientist Chris Stroud, HouseCanary aggregates millions of data elements to accurately define and forecast values and market influences and allow investors, lenders and other real estate professionals to accelerate decision-making proceses.

Customers span institutional investors seeking properties to fit their investment criteria, lenders looking to identify prime mortgage prospects, and real estate brokerage firms looking to build advisory relationships with their clients.

FinSMEs

13/01/2017