# Welcome Homes Startup profile on Capital Atlas: https://capitalatlas.ai/startups/welcome-homes - Industry: Real Estate Development & Operating Companies - Headquarters: New York, US - Website: www.welcomehomes.com - Total disclosed funding: $34M - Latest round: Series A (Jan 12, 2023) - Investors on record: 19 ## About Welcome Homes is a US-based company specializing in simplifying the custom homebuilding process through an innovative online platform, enabling customers to design homes, select land, and connect with local builders efficiently.Founded in 2020 in New York, Welcome Homes focuses on transforming the homebuilding industry by offering a unique online service for designing and constructing custom homes. The company has successfully secured a total of USD 29.00 mn in Series A funding, led by Era Ventures, with participation from various investors. The latest funding round occurred on January 12, 2023, and reflects the company's targeted approach to address the needs of modern homebuyers. The founders include Adarsh Banka, Alec Hartman, Ben Uretsky, Jesse Mauro, Marc Hartman, and Mitch Wainer, with Alec Hartman currently serving as the CEO.Welcome Homes specializes in the homebuilding industry by offering a suite of services that simplify the process of designing and constructing custom homes. Their core product is an online platform that allows customers to design their homes in real-time, select land, and secure local builders, thereby streamlining the homebuilding experience into a few simple steps. The service is particularly aimed at homebuyers who are dissatisfied with existing homes or feel overwhelmed by traditional building processes. Welcome's model library features a diverse range of designs, catering to various aesthetic preferences and sizes, from traditional to contemporary styles. The company serves clients across the United States, focusing on urban and suburban markets that require innovative home solutions.Welcome Homes generates revenue through direct transactions with customers seeking to build custom homes. Clients utilize the company's online platform to select home designs, customization options, and builders, creating a B2C transaction structure where customers receive pricing estimates for their chosen designs and options. Additionally, the company collaborates with a network of vetted local builders, facilitating a streamlined process between the client and construction partners. The revenue structure is largely driven by the home design services offered, with specific costs associated with customization and design features varying based on client selections. This direct-to-consumer approach enhances customer engagement and satisfaction while driving revenue through streamlined service offerings.In January 2023, Welcome Homes raised USD 29.00 mn in Series A funding, which will be utilized to further develop its platform, expand its business reach, and increase its workforce. The company is focused on enhancing its online services and may introduce new products aimed at improving client experiences. Additionally, Welcome Homes plans to target expansion into new geographic markets across the US to meet the growing demand for custom home solutions. ## Funding rounds - Series A, Jan 12, 2023, $29M — Global Founders Capital, Montage Ventures, Activant Capital, Elefund, Arkin Capital, Gaingels, Foundamental, Parker89, Era Ventures - Seed, Oct 20, 2020, $5.3M — Tuesday Capital, Global Founders Capital, Alumni Ventures Group, Soma Capital Management, V1.VC, Elefund, 8VC, Arkin Capital, Gaingels, Kokopelli Capital, One Way Ventures, Foundamental, Adapt Ventures, Founders First Capital Partners, AAVCF LLC ## Investors - Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed - Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A - Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed - Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed - V1.VC (https://capitalatlas.ai/funds/v1-vc) — Seed - Elefund (https://capitalatlas.ai/funds/elefund) — Seed, Series A - 8VC (https://capitalatlas.ai/funds/8vc) — Seed - Arkin Capital (https://capitalatlas.ai/funds/arkin-capital) — Seed, Series A - Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed, Series A - Kokopelli Capital (https://capitalatlas.ai/funds/kokopelli-capital) — Seed - One Way Ventures (https://capitalatlas.ai/funds/one-way-ventures) — Seed - Foundamental (https://capitalatlas.ai/funds/foundamental) — Seed, Series A - Adapt Ventures (https://capitalatlas.ai/funds/adapt-ventures) — Seed - Founders First Capital Partners (https://capitalatlas.ai/funds/founders-first-capital-partners) — Seed - AAVCF LLC — Seed - Montage Ventures (https://capitalatlas.ai/funds/montage-ventures) — Series A - Activant Capital (https://capitalatlas.ai/funds/activant-capital) — Series A - Parker89 (https://capitalatlas.ai/funds/parker89) — Series A - Era Ventures (https://capitalatlas.ai/funds/era-ventures) — Series A