Unison raises $40m to promote the American Dream
Homeownership and investment company Unison has unveiled its latest round of funding. The company pulled in $40 million in Series B financing led by F-Prime Capital, whose partner, David Jegen, will join Unison’s board. Additional contributions came from Citi Ventures and Royal Bank of Canada, reports Julie Muhn at Finovate.
The California-based company will use the new investment to fuel growth, build brand awareness, expand business operations, hire new talent, and advance its platform.
Unison did not disclose its total funding to-date, but the company reported in 2017 that it “has raised tens of millions in operating capital and secured investment mandates totaling several billion”.
“I built Unison with home buyers, home owners and institutional investors top of mind and to bridge two massive needs: provide a form of capital for consumers and make residential real estate an investable asset class,” says Thomas Sponholtz, CEO of Unison.
Unison has reported a handful of notable achievements recently, including a 10x increase in loan originations in Q1 2018 compared to the same quarter last year. The company also expanded its availability to 22 states and appointed Cari Jacobs as CMO.