Perch targets the "dual tracker" segment of home buyers who are selling and buying at the same time, offering purchase offers valid for six months and coordinating same-day closings on both homes. The company integrates closing and title services and provides e-closing and e-notary capabilities to let users complete transactions remotely. Perch plans to add a mortgage brokerage service within the year and is open to potentially offering underwriting in the future. The business model carries risk from housing-market fluctuations, but investor interest in iBuyer-style real estate tech remains strong. To support operations and home purchasing, Perch recently secured a $220M financing package comprising equity and debt. Perch is a NYC-based marketplace for buying and selling homes. It allows customers to sell their home on their schedule at market price and offers buyers access to an inventory of Certified Pre‑Owned houses. The company plans to use new funding to scale its home-buying marketplace and accelerate product development. Services are currently offered in San Antonio, TX. Perch intends to expand to new cities over the coming year.

Total raised

$250M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Apr 2019