Real estate finance platform Lower has raised $100 million in Series A financing from venture capital company Accel, as residential real estate adjusts to investment means. With this, Accel’s partner, John Locke, joins Lower’s board of directors. Gen Z, with more than 16,000 reviews with an average of five stars.
The Columbus, Ohio-based startup plans to use the budget to expand its product line and drive its growth, Lower in a statement. Low is a newly created fintech that has surpassed $100 million in revenue.
Co-founder and CEO Dan Snyder said, “More investment means faster expansion and more impact. Home ownership is the greatest author of wealth for Americans, and Accel’s history of supporting seed corporations and their investments means we can help more people get there faster.
Founded through Snyder in 2014, Lower aims to simplify the procedure of buying a home for consumers, and this is the company’s first financing in the last seven years of its existence.
To this, Locke said, “Dan and the Decline team have quietly created one of the most attractive money-generating corporations in the U. S. U. S. The low has the opportunity to break down barriers to home ownership. They have an established expansion track record, with more than $300 million in revenue. We are very happy to marry them as they continue this journey. “