# Ownify

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

- Industry: Real Estate Development & Operating Companies
- Headquarters: Raleigh, US
- Website: www.ownify.com
- Total disclosed funding: $7M
- Latest round: Seed (May 15, 2023)
- Investors on record: 3

## About

Based in North Carolina, US, and founded in 2022 by CEO Frank Rohde, and COO Ben Herold, Ownify, Inc., a.k.a. Ownify operates as a provider of a fractional homeownership program that intends to make homeownership achievable for first-time homebuyers. In May 2023, Ownify, Inc. raised USD 7 million in seed funding led by Lobby Capital, with participation from Gaingels Syndicate and Socially Financed.

The company provides fractional ownership opportunities, enabling customers to buy their homes, owning a 2% equity on day one and continuing to buy their home, building equity with fixed monthly payments for five years. After 5 years period, customers can own 10% of their home’s equity.

Ownify generates revenue from charging an application fee of USD 500. 

The company plans to use its proceeds from May 2023 funding for business expansion and operation as well as its go-to market.

## Funding rounds

- Seed, May 15, 2023, $7M — Gaingels, Socially Financed, Lobby Capital

## Investors

- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- Socially Financed — Seed
- Lobby Capital (https://capitalatlas.ai/funds/lobby-capital) — Seed