Participated · Series C · May 2022

Point has built a platform around the Home Equity Investment (HEI) model, giving homeowners cash today in exchange for a share of their home’s future appreciation rather than requiring a traditional loan. The company says it has already originated more than $2 billion of HEIs and served over 20,000 homeowners nationwide. Management positions this traction as evidence of a broader shift in how consumers view home-equity financing. Looking ahead, Point expects its 2025 performance to exceed 2024 by more than 3×, signaling rapid growth in demand. The newly announced funding capacity should enable the firm to support tens of thousands of additional households. By eliminating monthly payments and extra debt, Point aims to make home equity more flexible and accessible. The company also emphasizes creating long-term value for both homeowners and institutional investors through scalable, responsible underwriting.

Participated · Series C · Feb 2022

Founded in 2018, Homebound digitizes the entire home-building process, allowing customers in markets such as Denver, Dallas, and Houston to choose a lot, floor plan, and finishes online and then check out as easily as buying any other e-commerce product. The platform creates a real-time 'digital twin' of each house, giving buyers progress updates and AI-driven inspection reports while enabling precise materials ordering that reduces waste. Behind the scenes, Homebound’s supply-chain software replaces the traditional, error-prone lumber-yard estimates with exact bills of materials. Since its $75 million Series C in 2022, the company has secured an additional $400 million—$100 million in operating-company equity and $300 million in real-estate capital—to scale its model. Backers include Goldman Sachs, Magnetar, Thrive Capital, Khosla Ventures, GV, Fifth Wall, Atomic, Forerunner, Neuberger Berman, and Bridgepoint. CEO and co-founder Nikki Pechet says Homebound aims to open its end-to-end platform to third-party builders and ultimately compete with the nation’s largest homebuilders. Management projects the business will reach profitability by the end of 2026, positioning the company to become the “Amazon of homes.”

Participated · Equity · Feb 2022

Founded in 2018, Accelerant operates a technology-enabled risk exchange designed to give niche, underwriting-led teams access to superior data analytics and dependable, multi-year capacity. The platform captures granular information on every policy, which it uses to deliver detailed insights and drive profitable growth for its specialist Members. Accelerant focuses on low-volatility commercial SME risks with minimal catastrophe or systemic exposure and has earned an AM Best A- (Excellent) rating. The company positions itself as an alternative to traditional reinsurance models by pairing its data capabilities with diversified capital sources. Recent initiatives include Flywheel Re, a new sidecar vehicle that will expand capital access for its Members. This effort signals Accelerant’s intent to scale its portfolio while maintaining low risk concentration. Although specific revenue or user metrics were not disclosed, the launch underscores the firm’s emphasis on capital efficiency and sustained growth.

Led · Series C · Aug 2021

Bungalow is a San Francisco-based residential real estate marketplace focused on roommate living and whole-home rentals. The company handles roommate matching, furnishings for common areas, rent and utilities payments, and service requests to reduce rental friction. It also aims to build community among residents through its network. Founded in 2017 and led by CEO Andrew Collins and COO Justin McCarty, Bungalow currently has more than 3,000 housemates in hundreds of homes across 16 U.S. markets. The company plans to expand into five additional cities by the end of 2021 (Miami, Tampa, Atlanta, Houston and Phoenix) and will use the new proceeds to expand operations and business reach. Financially, the company has raised over $150M to date following this recent round. Bungalow operates a co‑living marketplace that renovates and redecorates existing housing stock, matches vetted roommates, and manages fully rented homes and apartments. The company targets early‑career professionals who need affordable housing in high‑cost metro areas. Since launching, Bungalow has expanded into multiple U.S. markets and now serves more than 3,200 residents across 730 homes in 10 markets. The company says it is on track to scale to more than 12,000 residents by the end of 2020 and plans to roll out new technology capabilities as it expands into three additional major metro areas in 2020. Bungalow launched in 2017 and has grown through venture funding to support its operational expansion. Its model combines property renovation, roommate matching, and full property management to address underused, outdated housing supply. Bungalow operates a co-living platform that leases homes from homeowners as the master tenant (typically three-year leases) and rents the properties on a room-by-room basis while guaranteeing occupancy to homeowners. The company furnishes common spaces and bundles utilities, Wi‑Fi and housekeeping into monthly rent, and runs member events to build community. Bungalow vets residents with credit and background checks and requires interviews with existing residents before move-in. The company says its rooms are roughly 30–40% cheaper than a studio and highlights faster move-in timelines (some same-day, average search 10–20 days). As of the article, Bungalow operated 200 properties across seven U.S. markets with about 750 residents. Over the next 6–12 months it plans to launch in up to 12 new U.S. markets and hopes to expand outside the U.S. the following year.