Acre Homes is a Durham, NC–based, tech-enabled real estate company founded in 2021 that offers a streamlined, consumer-centric alternative to renting and traditional mortgages. The company uses a shared home appreciation model to let customers benefit from home appreciation without taking on debt. Acre says its approach simplifies the home-buying process and provides flexible, financially attractive options for residents. In three years the company has launched in the greater Raleigh and Atlanta metro areas and serves growing families, mobile professionals, and new and experienced homebuyers. Acre reports the average customer has saved $9K in purchase costs and is projected to benefit from roughly $50K in ongoing savings and home appreciation over three years (based on an estimated 4% annual price appreciation). The company plans to use the new funding to accelerate growth in existing markets, including newly launched Atlanta.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2024