American Family relations Possibilities contributed the investment, and therefore will bring Hometap’s total operating capital raised as the its 2017 first to help you $95 mil. The latest and present backers, and additionally Bain Resource, Iconiq Financing, LLC, G20 Solutions, Mainstay and you may General Catalyst, and put money in new round.

As its identity indicates, Hometap now offers residents an effective way to tap within their house security by firmly taking with the a trader within their possessions. In the event that household offers and/or homeowner settles new resource, Boston-based Hometap is actually reduced a decided-through to portion of the new purchases speed otherwise latest appraised worthy of.

We been this company not simply once the we thought it was good organization, but due to the fact we wished to participate in some thing having a personal goal, President Jeffrey Glass said. Read More