It is expanding into Southern Europe and building out its team in the United States and Europe.Īs transaction volumes grew over 16 times through the first half of the year, the Series A was an opportunity to accelerate into new markets and heavily invest in the technology and product to improve the experience for customers, Chen said. and are excited to partner with these founders and the entire team as they expand.”Īfter announcing its launch and seed round in 2020, the company’s platform is now online in Paris and Dubai. We have invested in similarly transformative companies in the U.S. “What the team is building is increasing market liquidity and simplifying the consumer experience. “Nomad Homes has built an incredible platform that is shaping the future of real estate across EMEA,” said Dick Costolo, managing partner of 01 Advisors, in a written statement. Nomad Homes is creating its own MLS for the region and applies technology to the expertise provided by local customer services experts to provide home buyers with all of the information they need, from the initial search to financing and signing all of the documents.įresh out of YC, Houm raises $8M to improve the home rental and sales market in LatAm They have collective backgrounds in Blackstone, Addepar and Uber, while Chen also left the Stanford Graduate School of Business to start the company. The company has raised a total of $24 million since Chen, Dan Piehler and Damien Drap started the company in 2019 after bonding over finding a place to live in a new city. There was also a group of new and existing investors that participated, including Goodwater Capital, HighSage Ventures, Abstract Ventures, Partech, Class 5 Global, Precursor Ventures and Alta Park Capital.Īngel investors in the round included co-founder and former CEO of Zillow and Pacaso Spencer Rascoff through his firm 75 & Sunny, Opendoor CEO Eric Wu, former Compass COO/CFO David Snider, Flyhomes CEO Tushar Garg, Landis co-founders Cyril Berdugo and Tom Petit and DST Global partner Saurabh Gupta. Today, Nomad Homes announced a $20 million Series A funding co-led by 01 Advisors, an investment fund co-founded by former Twitter executives Dick Costolo and Adam Bain, and The Spruce House Partnership.
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