QuantmRE (2023)
About this raise
QuantmRE, with a valuation of $15 million, is raising funds on Republic. The real estate finance platform allows homeowners to access their home equity and get cash from it without any interest, monthly payments, or added debt. QuantmRE originates and funds a Home Equity Agreement, which is an equity-based solution and not a reverse mortgage, loan, or line of credit. Matthew Sullivan and Dave Sterlitz founded QuantmRE in December 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $618,000. The campaign proceeds will be used for sales and marketing, legal and regulatory expenses, technology development, and working capital.
Investment Overview
Invested : $165,594
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 04/28/2023
- Close Date
- 06/26/2023
$25,000
$618,000
$150
SAFE
Seed
RegCF
$15,000,000
20%
Company & Team
Company
- Year Founded
- 2017
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -7.2% YoY
- $131,667
- Monthly Burn
- $37,737
-
Runway
- 5.2 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $2,800,000
- VC Backed?
- Yes