Unison Raises $40 Million in Series B Funding Round
Today, the Unison team is thrilled to announce that we have raised a $40 million Series B round of funding. This investment results from the hard work by everyone on the team to bring home ownership investments to our customers across the United States. More importantly, it gives us the opportunity to continue growing the company so we can serve even more homebuyers and homeowners in the coming months and years. Below are a few excerpts from our press release and today’s media coverage about the announcement.
HousingWire: Unison Home Ownership Investors raises $40 million in Series B
“Unison Home Ownership Investors raised $40 million in its Series B round of funding. F-Prime Capital, Citi Ventures and Royal Bank of Canada led the fundraising charge, but the lion’s share came from F-Prime, whose partner David Jegen will join Unison’s board of directors as part of the funding round.
Unison provides alternative home financing solutions through two programs: HomeBuyer and HomeOwner.
HomeBuyer allows homebuyers to double or quadruple their down payments, and HomeOwner allows homeowners to unlock a portion of their home equity without borrowing. Unison provides the money for up to 30 years without interest or monthly payments.”
PR Newswire: Unison Home Ownership Investors Closes $40 Million Series B Funding Round
Thomas Sponholtz, CEO of Unison, discussed today’s announcement:
“I built Unison with home buyers, home owners and institutional investors top of mind and to bridge two massive needs: provide a form of capital for consumers and make residential real estate an investable asset class. In the build out, Unison was forced to ride out the market collapse, which only strengthened our resolve and solidified our belief that the platform could survive anything.
Now a decade later, we are the leaders in the home ownership investment category. We have brought together government officials, lenders, institutional investors and other thought leaders to solve America’s home affordability crisis.
By providing the only new way to finance a home since the mortgage was introduced in 1781, we are liberating consumers from debt-only solutions that have saturated the marketplace.”