TripleMint Announces $4.5 Million In Series A Funding
NEW YORK, February 23, 2017
TripleMint today announced that it has closed a $4.5 million Series A round of funding. The round was led by DN Capital, with participation from new investors across the real estate and technology sectors, including Summit Action Fund and b-to-v ventures. The Series A brings TripleMint’s total funding to over $7 million.
Launched in 2013 by David Walker and Philip Lang, TripleMint was founded on the conviction that people deserve a better real estate experience. TripleMint empowers buyers and sellers with more data, an expert agent matched just for them, and the tools and resources needed to make the best decision about their home. TripleMint shifts the experience from stressful and opaque to an inclusive, transparent and frictionless process during one of the most important decisions of someone’s life. Driven by data and grounded in personal care, TripleMint’s innovative approach has provided tens of thousands of people with better information and unparalleled support, every step of the way.
Led by a team of real estate experts and powered by its proprietary algorithm, TripleMint is creating a network of qualified buyers, sellers, and renters. Cutting-edge predictive analytics allow members to anticipate and capitalize on future market activity, and to match prospective buyers and sellers, while next-generation technology ensures an intuitive user experience—all with efficiency and ease. As an extension of its “client first” philosophy, the TripleMint model rewards agents with client satisfaction-based bonuses, as well as commissions to incentivize great service and eliminate sales pressure.
“TripleMint is taking on one of the oldest off-line industries and using technology to finally create new and exciting value for buyers and sellers. We’re overjoyed to join their mission to make buying and selling a home smarter by combining a high-end personal service with proprietary data and tools. We believe TripleMint will become the standard in the industry” said Nenad Marovac, founding partner of DN Capital and lead investor in TripleMint’s Series A round.
“Closing our Series A is a testament to the work of our whole team, the quality of our customer service and our innovative product. Our business has grown immensely over the past year; the capital raised will allow us to serve even more consumers frustrated by the real estate market today” said David Walker, co-founder & CEO of TripleMint. “We are redesigning the real estate process around the end consumer.”