Hometap's home equity finance model - part of a wave of digitisation in the property finance space - has been validated again by an American Family-led round.
Insurance firm American Family led a $60m funding round yesterday for Hometap, the US-based creator of a system allowing homeowners to tap equity, indicating how rising property prices are fuelling new business models.
The round was led by corporate venturing unit American Family Ventures and also featured private equity firm Bain Capital, multi-family office Iconiq Capital and venture capital firms G20 Ventures, Pillar and General Catalyst.
Hometap’s model involves it paying homeowners for a share of their property’s future value,…
