It's been a few short months since we launched BidMyListing, and we've been blown away by the response from home sellers looking to connect with local real estate agents on our innovative bidding platform.
That's why today we're excited to announce that BidMyListing has closed our seed funding round with a $15 million investment from Deer Park Road Management Company, LP ("Deer Park Road"), a Colorado-based alternative investment manager in structured credit and mortgage-related investments. This investment brings BidMyListing's total for the funding round to $20 million.
"Since its launch, BidMyListing has generated more than 2,000 listings from motivated homeowners looking to connect with real estate agents representing just over half a billion dollars in property value," said Matt Proman, co-founder of BidMyListing. "The traction that we are seeing from home sellers and real estate agents has been tremendous. It's a clear indicator that BidMyListing represents the future of selling real estate. Homeowners are lining up to work with us knowing they can receive cash upfront from a qualified agent of their choosing – while agents are relieved to finally have the opportunity to buy predictable listing inventory instead of using an unpredictable spend to acquire leads. It's a win-win for both the homeowner and the agent."
We're excited to continue simplifying the home selling process and helping more home sellers nationwide find the right real estate agent. This additional funding will help BidMyListing scale our team, technology, and partnerships with industry leaders. To learn more, read the full press release here.