UpEquity was founded by Tim Herman and Louis Wilson while they were attending Harvard Business School. The company was invited to join Y Combinator's Summer 2019 batch. The company's mission is to expedite the home loan process for buyers, sellers, and real estate agents, relieving a major source of stress for many individuals. By offering to pay a financial penalty to sellers should closings be delayed, UpEquity enables financed offers to compete with cash, and ensures all involved can move faster.
Timeline
February 2021
UpEquity raises a $7,500,000 series A round from Next Coast Ventures.
2019
UpEquity was founded.
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Jonathan Shieber
February 11, 2021
TechCrunch
With a stated goal of aligning the mortgage industry with consumer interests, Austin-based UpEquity has raised $25 million in equity and debt funding to expand its business. Chief executive Tim Herman started the mortgage lending company to take advantage of what he saw as inefficiencies in the $2 trillion U.S. housing market. Existing financial services [...]
Is a
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Company status
Active
Accelerator
Accelerator Batch
Date incorporated
2019
Number of employees
4
Tagline
Move Faster
Full address
2021 Guadalupe Street, Suite 260, Austin, TX 78705
Founded date
2019
Total funding amount (USD)
7,500,000
Latest funding round date
February 2021
