Total amount raised
$693 Millions
Latest funding date
Location
Unison has participated in multiple funding rounds, with its most recent being a Debt Financing round that closed on February 7, 2022. The company is backed by notable investors such as F-Prime Capital and Thirdstream Partners.
Keep reading to explore the intricacies of Unison's fundraising journey and the investors backing this innovative platform.
What Is Unison?
Unison, founded in December 2004, is headquartered in San Francisco, California. The company operates in the financial services, fintech, and real estate investment industries. It was founded by Thomas Sponholtz.
With an employee count ranging from 101 to 250, Unison offers a unique financing alternative for accessing home equity without taking on debt. Their innovative Equity Sharing Home Loan allows homeowners to access significant funds with lower monthly payments, no prepayment penalties, and flexible funding options.
How Much Funding Has Unison Raised?
- Debt Financing
- Amount Raised: $443M
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their innovative home co-investing model and scale operations.
- Venture Round
- Amount Raised: $210M
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To help consumers access the record equity in their homes without incurring additional debt.
- Series B
- Amount Raised: $40M
- Date: June 2018
- Lead Investors: F-Prime Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To reduce debt and deliver a less risky way for homeowners, investors, and society to manage home equity.
Total Amount Raised: $693M. Current Valuation: Not publicly disclosed.
Key Investors
Here are the major investors in Unison:
- F-Prime Capital
- Details: F-Prime Capital is a global venture capital firm that invests in healthcare and technology companies. They have a long history of supporting innovative startups and helping them scale.
- Investment Focus Areas: Healthcare, technology, financial services
- Notable Investments: Not publicly disclosed
- Thirdstream Partners
- Details: Thirdstream Partners is a private equity firm that focuses on growth-stage investments. They provide strategic support and capital to help companies expand their market presence.
- Investment Focus Areas: Technology, consumer products, financial services
- Notable Investments: Not publicly disclosed
What's Next for Unison?
Unison stands at the cusp of significant growth opportunities, driven by the increasing home prices and the resulting record equity that homeowners have accumulated. With the ability to help homeowners access up to 17.5% of their home's current market value without additional debt, Unison is well-positioned to capitalize on the $160 trillion owner-occupied residential real estate market.
Future fundraising efforts are likely to be bolstered by the company's proven model and the growing interest from institutional investors. This could pave the way for further expansion of their home co-investment offerings and attract more capital to support their innovative approach.
However, Unison may face challenges such as navigating tightened lending standards and managing the risks associated with fluctuations in home prices. Ensuring a steady flow of institutional investment will be crucial for sustaining their growth trajectory.
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