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Announced

Completed

WestCap led a $115m Series C round in Point.

Financials

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Transaction Value£91m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

real estate financing

Completed

Private Equity

Domestic

Mortgage Finance

Acquisition

Venture Capital

Single Bidder

Minority

United States

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Synopsis

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WestCap, an investment company in New York City, led a $115m Series C round in Point, a US outfit that provides homeowners access to equity financing in exchange for a fractional share of the future value of their property, with participation from Andreessen Horowitz, Ribbit Capital, Redwood Trust, Atalaya Capital Management, DAG Ventures, Deer Park Road Management, The Palisades Group, Corigin Ventures and Alpaca VC. "We expect this additional capital to accelerate our growth as we help cash-constrained homeowners and home buyers build financial stability and achieve their financial dreams," Eddie Lim, Point CEO.

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