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Orange County's BidMyListingⓇ Raises $20M

BidMyListingⓇ Raises $20M in Seed Funding to Scale Their Marketplace for Home Sellers and Real Estate Agents

NEWPORT BEACH, CA - It’s been a few short months since we launched BidMyListing, a smarter way to sell your home.

BidMyListingWe have been blown away by the response we are seeing from homeowners looking to connect with real estate agents in their area who are bidding on the opportunity to sell their homes.

That’s why today we are excited to announce that BidMyListing closed our latest funding round with a $15 million investment from Deer Park Road Management Company, LP (“Deer Park Road”), a Colorado based alternative investment manager in structured credit and mortgage related investments.

“Since its launch, BidMyListingⓇ has generated more than 2,000 listings from motivated homeowners looking to connect with real estate agents representing just over half a billion dollars in property value,” said Matt Proman, creator and founder of BidMyListingⓇ. “The traction that we are seeing from home sellers and real estate agents has been tremendous. It’s a clear indicator that BidMyListingⓇ represents the future of selling real estate. Homeowners are lining up to work with us knowing they can receive cash upfront from a qualified agent of their choosing – while agents are relieved to finally have the opportunity to buy predictable listing inventory instead of using an unpredictable spend to acquire leads. It’s a win-win for both the homeowner and the agent.”

We are excited to continue down the path of simplifying the process of selling your home and finding the right real estate agent. The additional funding will help BidMyListing scale our team, technology, and partnerships with industry leaders.

Contact:

info@bidmylisting.com
2549 Eastbluff Drive, Suite 320
Newport Beach, California 92660

SOURCE: https://blog.bidmylisting.com/blog/bidmylisting-raises-20m-in-seed-funding-to-scale-their-marketplace-for-home-sellers-and-real-estate-agents

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