Backflip, a Dallas, TX-based company specializing in real estate and financial technology solutions for real estate entrepreneurs, has successfully raised $15 million in its Series A funding round. The funding round was spearheaded by FirstMark Capital, with participation from previous investors Vertical Venture Partners, LiveOak Venture Partners, Revel Partners, ECMC, Crow Holdings, and notable angels Greg Waldorf, Rob Barber, and Gregg Freishtat, who are CEOs and former Board Members at leading companies such as Zillow, Attom Data, and GreenSky.
The infusion of capital will be utilized by Backflip to bolster its operational capabilities and further enhance its development efforts.
Under the leadership of CEO Josh Ernst, Backflip operates as a prominent player in the real estate financial technology sector, catering to entrepreneurs involved in the acquisition and renovation of single-family homes. The company offers a suite of purpose-built technology solutions and capital products designed to streamline the sourcing, analysis, and financing processes for residential real estate investments. Backflip’s platform equips entrepreneurs with the necessary tools, data, and financing strategies to effectively scale their businesses.
With the completion of this Series A funding round, Backflip’s cumulative equity and debt raised now stands at $95 million.
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By Proptechbuzz
By Ravi Kumar