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New Deal


Announced

Completed

QED Investors and LL Funds led a $19.5m Series A funding round in Freemodel.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Household Furnishings

Completed

Friendly

Acquisition

United States

home renovation

Domestic

Private

Single Bidder

Venture Capital

Minority

Synopsis

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QED Investors, a venture capital firm in the fintech and proptech sector, and LL Funds, a provider of both growth equity and asset-backed debt, led a $19.5m Series A funding round in Freemodel, a tech-enabled home renovation company, with participation from RWT Horizons, FJ Labs, 1984 Ventures, 1Sharpe Ventures, and Crossbeam Venture Partners. "With the increase in interest rates and the slowing real estate market, agents have to go the extra mile to get the best results for their sellers. Freemodel empowers our agent partners to sell a client's home more quickly and at a higher price without the hassle or upfront cost of managing the renovations themselves," John Garner, Freemodel CEO and Co-Founder.

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