Housetable, a lending-tech startup working to disrupt the $400B home equity lending sector, is thrilled to announce that it has closed a pre-seed round lead by Jumpspeed Ventures and with participation from several other leading venture capital funds and angel investors.
Last week, in a blog post, Housetable’s CEO announced Housetable’s “coming out of stealth mode” and about its mission of enabling homeowners to make the most out of their home equity. Today, Housetable is announcing the closing of its pre-seed round, raised during its time in Stealth Mode, from both leading VCs and angel investors.
The round also included participation by Jumpseed Ventures, Jacob Fund (Applbaum Family Office), David Ring (founder of FinTech unicorn eToro), Launch It Capital, and Sarona Ventures. In the coming months, Housetable will continue to build its cutting-edge technology as it gets closer to a launch.
“We are thrilled to be able to onboard five tremendous investors that have a demonstrated history of assisting startups to go from incorporation to world domination and share our vision of enabling homeowners to make the most out of their home equity. We much look forward to working with Ben Wiener from Jumpspeed, as well as all our other strategic investors.” — David Benizri, co-founder and CEO at Housetable.
“I get goosebumps from founding teams that leverage their hustle and technological expertise to tackle complicated problems with solutions that are 10x better than the status quo. David and his team check all of these boxes and I’m excited to be working closely with them.” — Ben Weiner, Managing Partner at Jumpspeed Ventures.
“We at the Jacob Fund couldn’t be more excited to be supporting the world-class team at Houstable! A company with strong technology that tackles a big market, and is led by consummate professionals is the trifecta.” — Ariel Applbaum, Partner at Jacob Fund.
Housetable is also proud to announce that it has joined leading accelerators PropTech Zone, Israel’s leading PropTech hub, as well as the 365x Scale-Up Program. In the coming weeks, Housetable will be announcing partnerships, including with industry-leading corporations. Stay tuned.
Onwards and Upwards.
Housetable is a new-age lending company offering home equity loans designed for homeowners looking to improve their homes.
Housetable home equity loans consider not only the value of a borrower’s house at the time of the loan application but its potential value once renovations are completed as well (ARV). By doing this Housetable enables homeowners with limited home equity, such as newer homeowners, as well as virtually anyone else looking to do a major home improvement project to qualify for low-interest home improvement financing.
By leveraging AI/ML and its intuitive mobile app, Housetable’s goal is to make the loan application and renovation management process as painless as possible for its borrowers.