# Homevest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/homevest

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.upandup.co
- Total disclosed funding: $30M
- Latest round: Series B (Nov 19, 2021)
- Investors on record: 5

## About

Based in New York, US, and founded in 2017 by Basil Siddiqui, Benedict Wong, Michael Wong, and Ryan Brown, Homevest Inc., d.b.a. Up&Up, is a provider of an online platform that helps renters accrue wealth during the duration of their tenancy. In November 2021, Homevest Inc. raised USD 275 million in venture funding led by Khosla Ventures, with participation from Goldman Sachs & Co. LLC, L2 Point, and Rialto Capital Management. Homevest Inc. has raised a total of USD 275 million in funding and Michael Wong is its CEO. Homevest Inc. provides a digital platform for tenants to offer fractional homeownership during the duration of their tenancy. The company also provides a Up&Up Wallet where tenants can put down a security deposit to gain rental profits from home and increase home value. The company generates revenue by charging 10% of tenants’ wallet total value while cashing out at the end of the lease.

## Funding rounds

- Series B, Nov 19, 2021, $30M — Founders Fund, Khosla Ventures, Goldman Sachs Asset Management, Rialto Capital Management, L2 Point

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B
- Rialto Capital Management — Series B
- L2 Point (https://capitalatlas.ai/funds/l2-point) — Series B