HouseCanary builds automated residential property valuations and analytics, combining big data and machine learning to serve financial institutions, investors, lenders, appraisal management companies and consumers. Its ComeHome platform and valuation services power more than $200 million in real estate transactions each month and are positioned to enable over $100 billion of transactions this year. The company reports a 2.5% median absolute percentage error across 106 million U.S. residential properties and says it doubled revenue in each of the last two years, with growth accelerating into 2020. HouseCanary aims to replace multi-week human appraisals with instant, lower-cost valuations to streamline buying, financing, and homeownership. The firm emphasizes customer engagement and brokerage capabilities to connect investors and consumers with actionable property insights. Founded in 2013 and headquartered in San Francisco, HouseCanary focuses on scaling product adoption and expanding its data-driven valuation footprint. HouseCanary offers data and software that forecast home resale values, claiming accuracy within 2.5%. The company sells its product to appraisers and real estate investment firms through licensing deals. Its technology analyzes price changes across four million blocks to provide local-level forecasts. HouseCanary estimates the U.S. residential real estate market at $30 trillion and emphasizes its ability to identify investment opportunities with higher-quality information. The startup was founded in 2014 and operates with a roughly 100-person team. It plans to use new capital to invest in research and development and to expand its sales and marketing headcount. HouseCanary has built a data business that uses machine learning and comprehensive algorithms to assess and predict the value of roughly 100 million homes. It builds metrics around local schools, the employment market, and crime rates to improve valuation accuracy. The company targets real estate investment firms and home appraisers, who pay to use its valuation service. HouseCanary says it aims to be the most trusted provider of accurate home valuations in the United States and to close a perceived 25-year sophistication gap with the stock market. Investors and supporters quoted in the article see the product as a way to reduce human error and bias in valuations and to help avoid a repeat of the housing crash. The company was founded in 2014 and previously raised a seed round from Basepoint Ventures and Bryant Stibel Investments.

Total raised

$129M

Funding rounds

3

Latest round

Series C

Latest activity

Feb 2020