Participated · Series A · Oct 2023

Nomad Homes is a marketplace for residential real estate listings across Europe and the Middle East, building an MLS-like infrastructure in markets with fragmented transaction processes. The company was co-founded in 2019 by Helen Chen, Daniel Piehler and Damien Drap and currently operates in France, Spain, Portugal and the United Arab Emirates. In February it launched Nomad Agent, a B2B network that enables real estate agents to collaborate and standardize commission sharing. Nomad is also expanding mortgage capabilities and developing an AI-powered co-pilot to provide automated recommendations to buyers. Management reports revenue growth of 6x year over year and 24x since its Series A, and the team has grown to over 100 employees. The company says gross margin is already above 80% and is forecasted to increase, supporting a target of reaching profitability by early next year. Nomad Homes is creating a personalized house-hunting platform and its own MLS to simplify buying across Europe, the Middle East and Africa. The product matches buyers to properties via a "style quiz" and pairs technology with local customer-service experts to support search, financing and document signing. The platform is live in Paris and Dubai and the company is expanding into Southern Europe while building teams in the United States and Europe. Transaction volumes grew more than 16x in the first half of the year. The company has a team of 32 and plans to double headcount by year-end. Nomad Homes was founded in 2019 by Helen Chen, Dan Piehler and Damien Drap; the founders have backgrounds at Blackstone, Addepar and Uber, and Chen left Stanford GSB to start the company. A portion of the new funding will be used to accelerate into new markets, invest in technology and product (including fintech offerings), and grow the team. Nomad Homes is a Dubai, UAE-based proptech startup that provides a tech platform enabling people to buy and finance homes. Founded in 2019 by Helen Chen and Dan Piehler, the site is designed to offer an enhanced end-to-end experience, including financial products that facilitate deals. The company raised $4M in seed funding to support its growth. It intends to use the funds to expand operations, develop its platform and extend its business reach internationally. The core product combines property discovery with financing solutions to streamline home purchases.

Participated · Series B · Oct 2023

Anyplace pivoted from a 30-plus-day marketplace into an operator model called Anyplace Select that provides furnished apartments with a fully equipped home office and high-speed internet. The company leases unfurnished units in bulk from large real estate firms such as Greystar, Avalon Bay and UDR, then furnishes and outfits them for remote-work stays. Anyplace manages more than 100 units across New York City, San Francisco, Los Angeles and San Diego, with annual occupancy averaging 80–85% and a typical markup around 50%. Revenue is up 6x since January 2022, and the team is roughly 30 people. The startup plans market expansion in Q4 into Miami, Boston, Austin and Seattle, to add local concierge touches (coffee beans, local recommendations) and to offer customers the option to purchase furniture or office setups via partner brands. Anyplace stopped operating its marketplace in December 2022 to focus solely on the operator model. Anyplace began in 2017 as a marketplace for 30+ day stays and has expanded into operating furnished apartments optimized for remote work via its Anyplace Select product. The company’s marketplace spans over 60 countries and more than 450 cities, and Select launched last year in San Francisco, New York, Los Angeles and San Diego. Anyplace partners with real estate developers such as Greystar and AvalonBay to rent, furnish and master-lease units, equipping each apartment with a full home-office setup. The Select offering reached a $1 million run rate within seven months of launch, with monthly revenue growth averaging over 50% and occupancy above 90% as of this month. Anyplace plans to aggressively expand inventory into additional U.S. cities, targeting vacation destinations like Hawaii, Miami, Austin and Denver. The company had 17 employees at the time of the report. Anyplace operates an online marketplace that lets users rent furnished hotel rooms, apartments and co-living units on a month-to-month basis. The company negotiates 30–50% discounts with hotels and collects a 10% commission on bookings while performing basic background checks for property owners. Anyplace does not operate properties itself; it partners with hotels, apartments and co-living companies to drive additional monthly revenue for hosts. The founder, CEO Satoru Steve Naito, created the service to meet the needs of digital nomads and similar temporary renters. The startup reported about 100 people currently staying in Anyplace properties and generated $1.3 million in bookings last year. Product plans mentioned include an eviction-insurance product covering up to $10,000, a “nomad loyalty program,” and an online community for frequent users.