Poulsbo-based real estate tech startup HouseAmp has raised $12.5 million.
HouseAmp disclosed the funding in a Tuesday filing with the Securities and Exchange Commission, and HouseAmp CEO Rick Hennessey confirmed the raise to the Business Journal.
The 5-year-old company helps home sellers find loans so they can make improvements. Sellers can finish the projects and list the home, and they pay the loan off after closing the sale.
Agents, meanwhile, can use the service to connect their clients with loans to make improvements. HouseAmp's platform allows agents to refer agents' preferred contractors. The platform also allows contractors to create an account and connect with home sellers looking to complete work on their home.
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Hennessey said the company has 30 employees, about half of whom are based in the Seattle area. HouseAmp also has a presence in Florida.
"Our main development happens in Seattle and Florida," said Hennessey, who added that the company isn't sharing future headcount projections.
The 5-year-old company launched just before the Covid-19 pandemic and doesn't have a physical office. Hennessey said HouseAmp has operated well working remotely.
Before launching HouseAmp, Hennessey spent about six years as CEO of Solius, a medical light therapy company, according to his LinkedIn page. Before that he spent more than seven years as the CEO of the telecom company Cequint.
The Tuesday SEC filing lists Keith Hamlin, co-founder and general partner at the venture firm Third Prime, as a director at HouseAmp. Third Prime has also invested in the banking app Chime and the media tool Qwoted.
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