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Pre-Sale Home Renovation Startup Freemodel Raises $19.5M In Series A Funding

PRIVATEJan 31, 2023

Amount Raised

$19.5 Million

Round Type

Series A

BurlingameReal EstateCommercial Real Estate

Investors

Crossbeam Venture Partners1 Sharpe Ventures1984 VenturesFJ LabsRWT HorizonsLL FundsQED Investors

Description

San Francisco Bay Area-based tech-enabled home renovation company Freemodel today announced it has secured a $19.5 million series A investment led by QED Investors, a leading venture capital firm in the fintech and proptech sector, in partnership with LL Funds, a leading provider of both growth equity and asset-backed debt. Other participants in the most recent round of funding include RWT Horizons, FJ Labs, 1984 Ventures, 1Sharpe Ventures, and Crossbeam Venture Partners. With this latest investment, Freemodel has now raised over $23 million since launching in 2020.

Quick answer

Freemodel raised $19.5 Million in a Series A round, dated January 31, 2023. Investors: Crossbeam Venture Partners, 1 Sharpe Ventures, 1984 Ventures, FJ Labs, RWT Horizons, LL Funds and QED Investors. Freemodel is based in Burlingame, California, United States.

How much did Freemodel raise?
Freemodel raised $19.5 Million in a Series A round on January 31, 2023.
Who invested in Freemodel?
Crossbeam Venture Partners, 1 Sharpe Ventures, 1984 Ventures, FJ Labs, RWT Horizons, LL Funds and QED Investors are named as investors in this round.
What does Freemodel do?
Freemodel was founded in 2020 with a mission to streamline and improve the residential real estate sale process while giving homeowners a chance to get the maximum possible upside from the sale of their homes.
Where is Freemodel based and how big is it?
Freemodel is based in Burlingame, California, United States.
Who are the decision-makers at Freemodel?
Fundz holds 1 contact at Freemodel, including the Co-founder & CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Real Estate and Commercial Real Estate around the same time

Companies in the same sectors as Freemodel that raised within 45 days of this round, from Fundz verified event records.

  • NoBroker raised $5M (Funding Round) on March 1, 2023.
  • Compass International Holdings raised $700K (Seed) on January 5, 2023.
  • Engrain raised $12M (Series A) on March 16, 2023.
  • VERO raised $6M on March 15, 2023.
  • REPOWR raised $6.8M on March 15, 2023.
  • Asumma raised an undisclosed amount (Funding Round) on March 14, 2023.

Who to call at Freemodel, and when

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Company Information

Company

Freemodel

Location

Burlingame, California, United States

About

Freemodel was founded in 2020 with a mission to streamline and improve the residential real estate sale process while giving homeowners a chance to get the maximum possible upside from the sale of their homes. The company partners with real estate agents to design, manage and pre-pay for their clients' home renovations, then the homeowner pays Freemodel out of escrow once the home sells. Founded by two Silicon Valley veterans with software and residential real estate backgrounds, Freemodel differentiates itself by offering a team of local designers and project managers who act as the main on-site point of contact for agents and clients. Their Project Directors bring deep expertise and local knowledge of the regions they service, making the process easier and more turnkey for realtors and sellers. In addition, Freemodel requires no credit checks and has no pre-determined project budget caps, allowing more flexibility for homeowners to reap the maximum possible profit from their investment. For more information, visit http://www.freemodel.com.

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Related People

1 contact
Verified contactsJohn G., Co-founder & CEO hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Freemodel raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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