TripleMint has closed a USD4.5 million Series A round of funding led by DN Capital, with participation from new investors across the real estate and technology sectors, including Summit Action Fund and b-to-v ventures.
The Series A brings TripleMint's total funding to over USD7 million.
Launched in 2013 by David Walker and Philip Lang, TripleMint empowers buyers and sellers with more data, an expert agent matched just for them, and the tools and resources needed to make the best decision about their home. TripleMint aims to shift the experience from stressful and opaque to an inclusive, transparent and frictionless process.
Led by a team of real estate experts and powered by its proprietary algorithm, TripleMint is creating a network of qualified buyers, sellers and renters. Predictive analytics allow members to anticipate and capitalise on future market activity, and to match prospective buyers and sellers, while next-generation technology ensures an intuitive user experience.
The TripleMint model rewards agents with client satisfaction-based bonuses, as well as commissions to incentivise great service and eliminate sales pressure.
"TripleMint is taking on one of the oldest off-line industries and using technology to finally create new and exciting value for buyers and sellers. We're overjoyed to join their mission to make buying and selling a home smarter by combining a high-end personal service with proprietary data and tools. We believe TripleMint will become the standard in the industry,” says Nenad Marovac, founding partner of DN Capital and lead investor in TripleMint's Series A round.
"Closing our Series A is a testament to the work of our whole team, the quality of our customer service and our innovative product. Our business has grown immensely over the past year; the capital raised will allow us to serve even more consumers frustrated by the real estate market today,” says David Walker, co-founder and CEO of TripleMint. "We are redesigning the real estate process around the end consumer."