Nomad Homes Raises $20M Accelerating Its Expansion

Real estate

Nomad Homes, a technology startup that offers users a personalized house hunting platform for Europe, the Middle East, And Africa, announced today a $20 million Series A funding. 

Real estate is suffering many changes due to the pandemic, remote work, and other recent factors. As a consequence, several startups and platforms are offering solutions. Such is the case of Nomad Homes, a digital real estate platform paired with local customer services, helping users to purchase their homes via a customized and effective process. 

Nomad Homes: The New Way of Buying Houses

Helen Chen, the company’s CEO, told TechCrunch recently: 

We are like Stitch Fix for real estate. We are matching you to the best home for you. Instead of searching the old way by going through thousands of listings, you can take a ‘style quiz’ and match you with properties.

Today the company raised a $20 million Series A funding co-led by 01 Advisors, an investment fund co-founded by former Twitter executives Dick Costolo and Adam Bain. Angel investors in the round included Pacaso Spencer Rascoff, co-founder and CEO of Zillow, Eric Wu Opeendor CEO, Tushar Garg Flyhomes CEO, among others. 

The company has raised $24 million since the three founders Chen, Dan Piehler, and Damien Drap started in 2019. 

With this new funding, the company plans to accelerate its expansion across EMEA, especially in southern Europe. And they also want to invest in its technology and offer additional products and services. 

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