# Acre Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acre-labs

- Industry: Real Estate Development & Operating Companies
- Headquarters: Durham, US
- Website: www.acrehomes.com
- Total disclosed funding: $10M
- Latest round: Seed (Dec 17, 2024)
- Investors on record: 7

## About

Based in North Carolina, US, and founded in 2021, Acre Labs, Inc. operates as a real estate company that provides homeownership options, allowing residents to access home appreciation without the catch of traditional mortgages. In December 2024, Acre Labs, Inc. raised USD 10 million in seed funding led by Anthemis Group, with participation from Sovereign's Capital, Home Technology Ventures, etc.

Acre offers an alternative to traditional homeownership, combining the flexibility of renting with the benefits of owning. Customers can choose a home and enjoy appreciation without the costs and risks of traditional homeownership, like closing and maintenance costs. Acre allows residents to benefit from home appreciation without having to sell, offering options to buy, transfer, or cash out their share in the property. The firm's platform is designed for people who want to stay in a home for a shorter period, offering affordable monthly payments, fewer risks, and more flexibility than traditional mortgages.

The company plans to use the December 2024 funding to accelerate growth in existing markets and expand its presence in areas like Atlanta.

## Funding rounds

- Seed, Dec 17, 2024, $10M — Anthemis, Sovereign's Capital, Studio VC, Unpopular Ventures, Front Porch Venture Partners, Duke Capital Partners, Home Technology Ventures

## Investors

- Anthemis (https://capitalatlas.ai/funds/anthemis) — Seed
- Sovereign's Capital (https://capitalatlas.ai/funds/sovereign-s-capital) — Seed
- Studio VC (https://capitalatlas.ai/funds/studio-vc) — Seed
- Unpopular Ventures (https://capitalatlas.ai/funds/unpopular-ventures) — Seed
- Front Porch Venture Partners (https://capitalatlas.ai/funds/front-porch-venture-partners) — Seed
- Duke Capital Partners (https://capitalatlas.ai/funds/duke-capital-partners) — Seed
- Home Technology Ventures (https://capitalatlas.ai/funds/home-technology-ventures) — Seed