Propertymate, an Austin-based proptech company, announced on Wednesday a $5.5 million round of seed funding. The raise allows the company to expand its solution into new U.S. markets. Alongside the fresh capital, the company announced its rebranding as NewHomesMate.
NewHomesMate aims to focus on the market for new construction homes. Amid an ongoing national housing shortage, the company wants to help make a difference. It aims to help homebuyers find information about new construction homes and navigate the homebuying process.
Co-founders Dan Hnatkovskyy, CEO, and Sofia Vyshnevska, COO, launched NewHomesMate’s marketplace platform in 2020. Since then, the solution has grown to serve 10 markets across Texas, Florida and North Carolina. The company’s new capital will help it grow into another eight markets including Atlanta, Phoenix, Charlotte, Charleston and Denver.
“These investments give our team a great opportunity to expand to new markets and deliver more value to homebuyers and builders,” Hnatkovskyy said in a statement. “Propertymate rebrands as NewHomesMate to better reflect the focus on our mission to make the new construction home buying process a lot better.”
Building on a $1 million pre-seed raise from 2021, NewHomesMate’s latest funding round came from investors including Gaingels, Geek Ventures, Pragmatech Ventures and others.
As NewHomesMate continues to expand, it also plans to grow its 91-person team.
