Tomo Mortgage raised $20M in a Series B financing round led by Progressive Insurance to enhance its AI-driven digital mortgage platform.
Amount Raised
$20 Million
Round Type
Series B
United StatesFinancial ServicesFintechInvestors
Description
Tomo Mortgage announced the closure of its $20 million Series B financing round, expanding its total investment to $130 million. The round saw participation from new investor Progressive Insurance along with existing investors Ribbit Capital, NFX, and DST Global Partners.
Quick answer
Tomo raised $20 Million in a Series B round, dated March 11, 2025. Investors: Ribbit Capital, Nfx, DST Global Partners, DST Global and Progressive Insurance. Tomo is based in United States.
- How much did Tomo raise?
- Tomo raised $20 Million in a Series B round on March 11, 2025.
- Who invested in Tomo?
- Ribbit Capital, Nfx, DST Global Partners, DST Global and Progressive Insurance are named as investors in this round.
- What does Tomo do?
- Tomo is a digital mortgage company on a mission to get rid of the greed and complexity in lending, saving homebuyers thousands of dollars.
- Where is Tomo based and how big is it?
- Tomo is based in United States. Fundz records about 145 employees.
- Who are the decision-makers at Tomo?
- Fundz holds 1 contact at Tomo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as Tomo that raised within 45 days of this round, from Fundz verified event records.
- Wingspan raised $20M on April 25, 2025.
- Ensysce Biosciences raised $2.2M (Seed) on April 23, 2025.
- CAP Labs raised $920 (Pre-Seed) on April 15, 2025.
- Meanwhile raised $40M (Series A) on April 12, 2025.
- Alinea Invest raised $10M (Series A) on April 10, 2025.
- Conduit raised $3.1M (Seed) on April 10, 2025.
Who to call at Tomo, and when
A new round usually means Tomo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Tomo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Tomo, from your own LinkedIn network
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Funding Insights
What this usually meansTomo 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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