# Patch Homes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/patch-homes

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.noah.co
- Total disclosed funding: $6M
- Latest round: Series A (Sep 12, 2019)
- Investors on record: 5

## About

Patch Homes Inc. is a financial technology company providing innovative asset management solutions that enhance efficiency for investment professionals, family offices, and wealth management firms.Founded in 2016 in San Francisco, US, Patch Homes Inc. specializes in asset management technology. The company has completed a total of 3 deals, with its most recent funding round occurring on April 22, 2020. The firm successfully raised USD 150 mn. Mendy Guo and Sahil Gupta co-founded the company and currently serve as co-CEOs.Noah.co specializes in providing a suite of innovative financial technology solutions aimed at enhancing the efficiency of the investment management sector. The core product offerings include a sophisticated platform for asset management that integrates advanced analytics and reporting tools to support investment decision-making. This technology is designed to streamline operations for institutional investors, family offices, and wealth management firms, addressing the complexities involved in portfolio management and performance tracking. The company targets markets primarily in North America and Europe, catering to a diverse clientele that includes investment managers, financial advisors, and high-net-worth individuals. By focusing on user-friendly interfaces and robust data security, Noah.co aims to empower its clients with actionable insights, ultimately leading to improved investment outcomes.The revenue generation model for Noah.co is predominantly based on a subscription framework, where clients pay for access to the platform and its associated services. Clients typically engage in annual subscriptions which allow for continuous use of the software, updates, and customer support. This B2B model facilitates long-term relationships with investment firms that rely on Noah.co's technology to enhance their operational capabilities. The pricing structure is tiered to accommodate various client sizes and needs, providing flexibility and scalability. Flagship products include comprehensive asset management tools and analytical software that are critical for clients in making informed investment decisions. The consistent revenue stream from subscriptions ensures the company maintains a stable financial foundation while continuing to innovate within the fintech landscape.Patch Homes Inc. plans to utilize the recent funding of USD 150 mn raised in April 2020 to accelerate the development of new products aimed at enhancing their platform capabilities. The company is also focusing on expanding its services into additional markets, particularly targeting regions in Asia and South America by 2023. These initiatives will support their strategy for growth and enhance their positioning in the fintech sector.

## Funding rounds

- Series A, Sep 12, 2019, $5M — Union Square Ventures, Techstars, Breega, Tribe Capital
- Seed, Apr 26, 2017, $1M — Kima Ventures, Techstars

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed, Series A
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A
- Breega (https://capitalatlas.ai/funds/breega) — Series A
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Series A