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Synopsis
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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