A startup that is trying to help people prepare themselves financially to buy a house attracted a larger-than-average seed round this past week.
Quo Finance Inc. has fashioned an app that shows users their financial status, the criteria they need to meet in order to qualify for a mortgage and their progress toward that goal. The Palo Alto startup also recently acquired a mortgage broker called Uncapped Mortgage, it said in a blog post. Quo plans to use the service, which it renamed Quo Home, to allow its users to apply for mortgages directly through its app.
The company just got some new funding to help it grow and develop its service, raising $7.2 million in a round led by SignalFire.
Quo plans to use the new funds to "build a completely integrated and seamless home-buying transaction experience," it said in its post.
Here's more on its round and other seed funding news from the past week:
Quo Finance Inc., Palo Alto, $7.2 million: SignalFire led the round for this provider of a financial planning app that helps people prepare to purchase a house. Soma Capital and Global Founders Capital also invested.
Continual Inc., San Francisco, $4 million: Amplify Partners led the round for this provider of an artificial intelligence-powered business and customer data analysis service. Illuminate Ventures, Essence, Wayfinder and Data Community Fund also participated.
Mighty Immersion Inc. (dba ManageXR), San Francisco, $4 million: Rally Ventures led the round for this provider of a service that helps companies manage multiple virtual and augmented reality headsets.
LiveFlow Inc., Redwood City, $3.5 million: Moonfire Ventures led the round for this provider of a service that connects QuickBooks and other accounting software with online bank accounts and spreadsheet software. Y Combinator, WndrCo and Seedcamp also invested.
Incredible Dream Studios Inc., San Francisco, $2 million: General Catalyst led the round for this developer of tabletop games. LightShed Ventures, Advancit Capital, CourtsideVC, Slow Ventures, Abe Burns and David Birnbaum also invested.
UrsaLeo Inc., San Francisco, $1.9 million: i2e led the round for this developer of a service that creates 3D models of offices and facilities for monitoring purposes. DataFrame Ventures also invested.
