About this raise
QuantmRE, with a valuation cap of $8 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. QuantmRE was founded by Matthew Sullivan and Dave Sterlitz in December 2017 and has already raised $1.8 million in seed capital. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to increase the sales and marketing efforts, continue the development of its Home Equity Agreement trading platform, and fund general working capital. QuantmRE has already provided $1.5 million to homeowners in the past three months, with over $3.5 million in the pipeline. The solution will support many families that need funds during the current unfortunate times.
Investment Overview
Invested $181,144 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
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Founder Profile
QuantmRE Founder Matthew Sullivan Talks Home Equity
Owning a home is often seen as a major way to build wealth and reap other financial benefits. However, home equity is an illiquid asset. Home-owners often have to go into debt to actually tap into the value of the property they already own.QuantmRE is one of five companies looking to change that. By offering Home Equity Agreements, QuantmRE helps home-owners access the value of their homes without any monthly payments or interest. They also plan to create a secondary market exchange which would give everyday investors the ability to create portfolios based on these agreements. We talked to founder Matthew Sullivan about his vision for expanding the home equity investor base and where QuantmRE is headed.