# Houwzer

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

- Industry: Internet
- Headquarters: Philadelphia, US
- Website: www.houwzer.com
- Total disclosed funding: $34M
- Latest round: Series B (Feb 8, 2022)
- Investors on record: 7

## About

Houwzer, Inc. is a real estate brokerage that revolutionizes the buying and selling process by significantly reducing commission costs, making property transactions more accessible and affordable for clients across multiple states.Founded in 2015 in Philadelphia, US, Houwzer, Inc. is a full-service real estate brokerage. The company has raised a total of USD 18.50 mn, with its latest funding round being VENTURE DEBT, amounting to USD 100.00 mn, completed on February 8, 2022. Co-founded by Kevin Baird and Mike Maher, the company operates primarily on the East Coast, encompassing key markets in Delaware, Florida, Maryland, New Jersey, Pennsylvania, Virginia, and Washington D.C. Mike Maher serves as the CEO, leading the company in its innovative approach to real estate services.Houwzer provides a revolutionary approach to real estate services, primarily focusing on reducing commission costs for both buyers and sellers. Their core offering includes a full-service real estate experience with a significantly lower commission rate of just 1% of the sale price, compared to the traditional 3% commission structure. This model aims to address the high costs typically associated with real estate transactions, making home buying and selling more accessible and affordable for a broader audience. Houwzer’s services cater to a diverse client base, including first-time home buyers, seasoned sellers, and investors, operating across several key geographical markets, including Delaware, Florida, Maryland, New Jersey, Pennsylvania, Virginia, and Washington D.C. The platform also offers advanced marketing techniques, including professional photography and videography, to enhance property visibility and attract serious buyers.Houwzer's revenue model is primarily driven by its innovative commission structure. Transactions typically occur when clients engage the company to sell or purchase residential properties, with Houwzer charging a flat 1% commission on the sale price. For example, in the case of a home sold for USD 500,000, the commission would amount to USD 5,000, resulting in significant savings compared to traditional agents who would charge approximately USD 15,000 at a 3% commission rate. This fee structure positions Houwzer as an attractive alternative to conventional real estate agencies, appealing directly to consumers seeking to minimize costs while still enjoying a comprehensive suite of real estate services. Houwzer also emphasizes a high level of service through top-tier agents, contributing to customer satisfaction and repeat business.In February 2022, Houwzer, Inc. raised USD 100 mn in VENTURE DEBT financing. The company plans to utilize this funding to penetrate and expand within its six MSAs across seven states along the East Coast. Additionally, Houwzer aims to add key executives across Marketing, Product, People, and Home Services to enhance its operational capabilities.

## Funding rounds

- Series B, Feb 8, 2022, $19M — Edison Partners, Ben Franklin Technology Partners, Admiral Capital Group, GoPhillyFund
- Series A, Jan 27, 2020, $9.2M — Edison Partners, Ben Franklin Technology Partners, Alumni Ventures Group, Admiral Capital Group
- Seed, Jan 6, 2019, $4.5M — Ben Franklin Technology Partners, StartUp PHL, Admiral Capital Group, Broad Street Angels
- Seed, May 1, 2017, $2M — Ben Franklin Technology Partners, StartUp PHL

## Investors

- Ben Franklin Technology Partners (https://capitalatlas.ai/funds/ben-franklin-technology-partners) — Seed, Series A, Series B
- StartUp PHL — Seed
- Admiral Capital Group — Seed, Series A, Series B
- Broad Street Angels — Seed
- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series A, Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- GoPhillyFund (https://capitalatlas.ai/funds/gophillyfund) — Series B