Home equity alternative Point raises $122M in new funding

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A startup that buys equity in homes and then offers to sell it back to residents has raised $122 million. Point, a Palo Alto-based firm, said Wednesday it raised $22 million in a Series B funding round led by Prudential Financial and DAG Ventures, according to Inman.

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Startup that offers alternative to home equity lending raises $122M Point raised $22M in a round led by Prudential Financial and DAG Venutures, and a further $100M to invest in homes March 21.

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Startup that offers alternative to home equity lending raises $122M The Real Deal. Point, a Palo Alto-based startup, that buys equity in homes and then offers to sell it back to residents has raised $122 million.

Palo Alto-based home equity fintech startup Point on Wednesday announced the completion of a $122 million funding round, $22 million of which came from Series B funding led by Prudential Financial.

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Palo Alto, Calif.-based Point, a shared equity reverse mortgage alternative that gives homeowners the ability to sell a small fraction of their equity, has raised $22 million in series B investment funding, and an additional $100 million in platform capital. This brings total equity investment in the product to $33 million, and total platform capital [.]

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Startup that offers alternative to home equity lending raises $122M Point raised $22M in a round led by Prudential Financial and DAG Venutures, and a further $100M to invest in homes /s11.