# Foyer Holdco

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foyer-holdco

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.foyersavings.com
- Total disclosed funding: $6.3M
- Latest round: Seed (Aug 9, 2024)
- Investors on record: 7

## About

Based in New York, the US, and founded in 2022 by Landy Liu, Foyer Holdco Inc. is a financial technology company specializing in innovative savings solutions for first-time homebuyers through various financial products and services. In August 2024, Foyer Holdco Inc. raised USD 6.2 million in seed funding co-led by Alpaca and Hometeam Ventures, with participation from Clocktower Ventures, Animo Ventures, Accion, ResilienceVC, and Detroit Venture Partners. 

The company’s core offerings include the First Time Homebuyer Savings Account (FHSA), featuring a 5% down payment match on contributions up to USD 10,000, enhancing users’ savings for home purchases. Additionally, Foyer provides a high-yield savings account with an annual percentage yield (APY) that significantly exceeds the national average, along with FDIC insurance, ensuring the security of user funds. The platform assists individuals in planning their financial goals, learning about real estate concepts, and connecting with local real estate professionals. 

The company plans to use the January 2025 funding to enhance product development and deliver a more personalized experience. Foyer aims to launch additional features in its app, focusing on new products designed specifically for first-time homebuyers, although specific release dates have not been disclosed. The company is targeting expansion into new markets across the United States, with efforts to reach additional urban areas by the end of 2025.

## Funding rounds

- Seed, Aug 9, 2024, $6.3M — Accion, Detroit Venture Partners, Alpaca, Animo Ventures, Hometeam Ventures, ResilienceVC, Clocktower Ventures

## Investors

- Accion (https://capitalatlas.ai/funds/accion) — Seed
- Detroit Venture Partners (https://capitalatlas.ai/funds/detroit-venture-partners) — Seed
- Alpaca (https://capitalatlas.ai/funds/alpaca) — Seed
- Animo Ventures (https://capitalatlas.ai/funds/animo-ventures) — Seed
- Hometeam Ventures (https://capitalatlas.ai/funds/hometeam-ventures) — Seed
- ResilienceVC (https://capitalatlas.ai/funds/resiliencevc) — Seed
- Clocktower Ventures (https://capitalatlas.ai/funds/clocktower-ventures) — Seed