# HouseAmp

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

- Industry: Financial Services
- Headquarters: Poulsbo, US
- Website: www.houseamp.com
- Total disclosed funding: $12M
- Latest round: Series A (Jun 28, 2024)
- Investors on record: 2

## About

HouseAmp Inc. is a US-based financial platform that empowers homeowners to utilize home equity for pre-sale renovations, enhancing property appeal and market readiness for potential buyers.Founded in 2019, HouseAmp Inc. operates from Poulsbo, US, providing a platform that connects homeowners with real estate agents, lenders, and service professionals. The company has successfully completed 3 deals, with the most recent being a Series A funding round on June 28, 2024, raising USD 12.451 mn from Fortress Investment Group and Third Prime Capital. The current company valuation stands at USD 45.076 mn.HouseAmp offers a financial platform that assists homeowners in leveraging up to USD 250,000 in home equity for essential repairs and upgrades. The service is designed to enhance property market readiness and appeal, supporting a streamlined process for obtaining estimates and payment for home improvements. The platform serves homeowners across 38 states in the U.S., focusing on enabling strategic enhancements to property value before sales.HouseAmp generates revenue through a transaction-based model by providing financing solutions for home renovations. Homeowners secure funding through the platform for repairs and upgrades, with revenue derived from service fees and interest associated with the financed amounts. This approach allows the company to facilitate financial services tied to home improvement needs.Following the recent funding round on June 28, 2024, in which HouseAmp raised USD 12.451 mn, the company plans to use the capital to support platform development and expand its services. There are initiatives underway to enhance product offerings, although specific upcoming launches have not been detailed. Additionally, HouseAmp intends to explore further geographical expansion to new markets, aligning with its strategy to broaden its reach and increase its customer base.

## Funding rounds

- Series A, Jun 28, 2024, $12M — Fortress Investment Group, Third Prime Capital

## Investors

- Fortress Investment Group (https://capitalatlas.ai/funds/fortress-investment-group) — Series A
- Third Prime Capital (https://capitalatlas.ai/funds/third-prime-capital) — Series A