Home Bay Technologies Inc. Successfully Completes $5M Funding

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Technology platform enables automated end-to-end real estate transactions

We believe our disruptive technology will define the future of how real estate transactions occur, said Tom Owen Co-founder and CEO at HomeBay

Home Bay Technologies Inc., a technology-driven real estate start-up, successfully completed $5M in financing. The company deploys a sophisticated software platform to buy and sell homes resulting in significant savings for consumers and an enhanced service experience. Investors include Foundation Capital of Silicon Valley, Serra Ventures and the lead investor, E15VC, a global VC fund.

Home Bay has transacted $250M in home sales saving customers $5M in real estate commission fees among 500 home sellers in its initial deployment. The funds raised will be used to accelerate a California-wide presence and to initiate the launch of the technology in Florida.  “We believe that our disruptive technology will define the future of how real estate transactions occur,” said Tom Owen, Co-founder and CEO at Home Bay.
 
About Home Bay Technologies Inc.
 
Home Bay Technologies Inc., San Diego based company, provides consumers a smarter way to buy and sell homes with data-driven intelligence, complete transparency and an on-demand customer experience. Home Bay’s sophisticated technology platform expedites the transaction with efficient, seamless systems that save consumers and real estate agents time and money. For more information, visit HomeBay.com

Contact:
Lisa Edwards
Home Bay Technologies Inc.
Lisa(at)HomeBay.com
(773) 368-3885

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Lisa Edwards
@HomeBayinc
since: 07/2014
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