Funding round
Hometap Series A
Hometap, which works in home equity investment services in Boston, raised $12M in a Series A round announced on 20 Apr 2018, led by G20 Ventures. 4 firms took part. It is Hometap's first venture round on record.
$12M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Hometap did not disclose a valuation in this round. It is Hometap's first venture round on record, 1 year after it was founded in 2017. It is 2.6% of the $467M Hometap has raised in the venture rounds on record. Hometap raised again 20 months later: a Series B round of $100M in Dec 2019.
Hometap's funding rounds
Hometap has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
G20 Ventures led the round with 3 other firms.
Lead investor
- backs 19 venture-backed companies new investor
Also in the round
- General Catalyst backs 574 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- backs 39 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
29 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $6.9M, and this round was 1.7 times the median. The closest in time, other companies' Series A rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 2 Apr 2018 | $3.6M | not disclosed | VEF |
| Loans & Financing | 31 May 2018 | $17M | not disclosed | Andreessen Horowitz |
| Loans & Financing | 23 May 2018 | $6.9M | not disclosed | Omidyar Network |
| Loans & Financing | 21 Jun 2018 | $15M | not disclosed | Sequoia Capital and Accel |
| Loans & Financing | 19 Jun 2018 | $9.0M | not disclosed | ScaleUP Ventures and David Mirvish |
| Loans & Financing | 7 Jun 2018 | $8.5M | not disclosed | Leap Global Partners |
| Loans & Financing | 21 Feb 2018 | $5.9M | not disclosed | Accel and Northzone |
| Clearco Loans & Financing | 1 Jan 2018 | $70M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Hometap raise in its Series A round?
Hometap raised $12M in its Series A round, announced in Apr 2018.
Who led Hometap's Series A round?
G20 Ventures led it, with General Catalyst, American Family Ventures and Pillar VC.
What was Hometap's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Loans & Financing?
29 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $6.9M, and this round was 1.7 times the median.
Did Hometap raise again after this round?
Yes: a Series B round in Dec 2019 of $100M.