TripleMint today announced that it has closed a $4.5 million Series A round of funding. The round was led by DN Capital, with participation from new investors across the real estate and technology sectors, including Summit Action Fund and b-to-v ventures. The Series A brings TripleMint's total funding to over $7 million.
Launched in 2013 by David Walker and Philip Lang, TripleMint was founded on the conviction that people deserve a better real estate experience. TripleMint empowers buyers and sellers with more data, an expert agent matched just for them, and the tools and resources needed to make the best decision about their home. TripleMint shifts the experience from stressful and opaque to an inclusive, transparent and frictionless process during one of the most important decisions of someone's life. Driven by data and grounded in personal care, TripleMint's innovative approach has provided tens of thousands of people with better information and unparalleled support, every step of the way.
Led by a team of real estate experts and powered by its proprietary algorithm, TripleMint is creating a network of qualified buyers, sellers, and renters. Cutting-edge predictive analytics allow members to anticipate and capitalize on future market activity, and to match prospective buyers and sellers, while next-generation technology ensures an intuitive user experience—all with efficiency and ease. As an extension of its "client first" philosophy, the TripleMint model rewards agents with client satisfaction-based bonuses, as well as commissions to incentivize great service and eliminate sales pressure.
"TripleMint is taking on one of the oldest off-line industries and using technology to finally create new and exciting value for buyers and sellers. We're overjoyed to join their mission to make buying and selling a home smarter by combining a high-end personal service with proprietary data and tools. We believe TripleMint will become the standard in the industry" said Nenad Marovac, founding partner of DN Capital and lead investor in TripleMint's Series A round.
"Closing our Series A is a testament to the work of our whole team, the quality of our customer service and our innovative product. Our business has grown immensely over the past year; the capital raised will allow us to serve even more consumers frustrated by the real estate market today" said David Walker, co-founder & CEO of TripleMint. "We are redesigning the real estate process around the end consumer."
About TripleMint
TripleMint combines proprietary data and unparalleled end-to-end service to provide a smarter, more successful consumer real estate experience. Founded in 2013 by Yale classmates David Walker and Philip Lang and formerly called Suitey, TripleMint is based in New York City. TripleMint plans to expand into other metropolitan markets and has raised over $7 million in capital to date. For more information, visit www.TripleMint.com.
About DN Capital
DN Capital is a leading early stage venture capital firm which focuses on Seed, Series A and select series B investments in fintech, SaaS, digital media, e-commerce, marketplaces, mobile applications and software companies. The firm was founded in 2000 and has operations in London, Berlin and Silicon Valley. DN Capital has led investments in companies such as Auto1, Shazam, Hometogo and PurpleBricks, the UK-based online real estate agent that had a successful IPO in 2015. For more information, visit www.DNCapital.com.
