Avenue One, a proptech service platform and marketplace for residential homes, has announced a strategic funding round of $100 million. Led by WestCap, an early investor, the round includes participation from MetLife and other leading investors. The funds will be used to enhance Avenue One’s technology and data platform as well as expand its local partner network in order to support the growth of its institutional marketplace.
The company seeks to make it easier for institutions to access residential investment properties through proprietary data combined with their network of local partners. To date they have contracted over $400 million in goods and services from operational partners across the country.
“We are grateful for these world class investors who have committed themselves towards supporting our work with real estate businesses nationwide,” said Ryan Stroker, co-founder & CEO at Avenue One. “Local partners form an integral part of our thriving ecosystem that is powered by efficient access into capital markets.”
