Home equity investment service Point has raised $22m in series B funding from investors including Prudential and Bloomberg, and $100m in platform financing.
Insurance and financial services group Prudential Financial led the equity portion of a $122m debt and equity round for US-based, property-focused finance provider Point yesterday with venture capital firm DAG Ventures.
Media group Bloomberg’s big data investment arm, Bloomberg Beta, also contributed to the $22m series B equity portion, as did Andreessen Horowitz, Ribbit Capital, Financial Venture Studio, Enterprise Community Partners and Kingsbridge Wealth Management. The latter also provided a $100m platform capital commitment.
Point provides financing for homeowners by…
