Israeli-Founded Proptech Firm Home365 Raises $26M

Israeli hybrid insurance technology and property management company Home365, announced this week the completion of a $26 million Series B funding round to expand its AI-driven property management services across additional US cities. 

The round was led by Israeli investment firm Viola Growth alongside participation from several other climate-tech investors and venture capital firms who contributed to Home365’s prior Series A round. 

This latest capital will be used to further advance its real estate investing and management platform and to expand to a handful of American cities including Chicago, Seattle, and Phoenix, among others.  The company delivers a patent-pending novel net operating income guarantee model that secures the performance of the real estate investor’s assets while lowering the stress and variance of their portfolio performance.

Founded in 2015, Home365 applies AI technology to property management as a way to secure and automate the majority of components of real estate investment from acquisition to management to day-to-day maintenance and operating expenses, thereby guaranteeing investment performance. As of now, the company manages more than $1.5 billion in investment assets across 7,000 properties in 17 cities and seven states.  

“Our goal is to democratize and ‘unlock the wealth’ associated with real estate investing for everyone across the globe by removing the risks and hassles,” said Daniel Shaked, founder, and CEO of Home365. “In fact, we have introduced a new financial asset class that drives predictable and passive ROI as an alternative to any other way of passively saving. Our model attracts not only professional Investors who embrace peace of mind but especially a new market segment of people who are interested in diversifying their cash into a Real Estate without the pains associated with being a landlord.”  

“Home365 is bringing significant value to its clients that is wholly unique in the market, as demonstrated by our recent expansion rate of at least one new metro service area per month. Home365’s AI-driven platform was built from the ground up to be flexible, extensible, and above all scalable, fitting our plans to now expand into multiple new domestic metro areas in 2022 and beyond, while building international channels to attract real estate investors overseas.” added chief investments and growth officer, Chad Gallgher.