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HouseCanary nabs $65M, aims residential real estate market diruption

San Francisco-based FinTech HouseCanary, a real estate analytics platform provider has announced its closing of a $65 million growth funding round led by Morpheus Ventures, Alpha Edison, and PSP Growth. With the new investment, the company’s total funding heightened to $130 million.

“This latest round of funding will allow HouseCanary to continue to build the most accurate valuations in the housing market, continue to build our world-class team to accelerate development and broad market adoption of HouseCanary, and invest in our leading-edge technology,” said Co-Founder and CEO Jeremy Sicklick.

HouseCanary’s solution provides investors and consumers with with the information they require in home buying and homeownership process.

He further added “Reliably automating home valuations replaces a two- to three-week human appraisal process with instant, actionable valuations at a fraction of the price. Consumers and institutional investors buying homes as well as financial institutions providing mortgages demand this, and we power it across America’s housing market.”

“We invest in disruptive companies that are innovative and creative in how they tackle the changing landscape. Through their proven software and data driven technology HouseCanary is streamlining real estate transactions and changing the future of the industry,” said Joseph Miller, Managing Partner, Morpheus.

Founded in 2013, HouseCanary provides residential real estate valuations for US residential properties nationwide. The company is working towards an efficient real estate marketplace. It makes use of big data and machine learning for its software and analytics in the residential real estate market.

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