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.
Funding rounds
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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
CompanyCompany attributes
LoanLocation
Austin, TexasCompany status
Active
Accelerator
Y CombinatorAccelerator Batch
Date incorporated
2019
Number of employees
4
Tagline
Move Faster
Full address
2021 Guadalupe Street, Suite 260, Austin, TX 78705
Investors
Next Coast VenturesFounded date
2019
Total funding amount (USD)
27,500,000
Latest funding round date
October 20, 2021
Latest funding type
Series A round
