Affordable Housing Marketplace PadSplit Raises $4.6M Seed to Reach New Cities
CRETech
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1 minute read
PadSplit, a startup innovating in the affordable housing market, has closed a $4.6 million seed funding round led by Core Innovation Capital, a venture fund that focuses on companies with a social impact to “democratize prosperity.”
Additional investors include a mix of corporate, social impact, and real estate-focused investors: Cox Enterprises, Kapor Capital, Techstars Ventures, 1984 Ventures, The Impact Engine, Metaprop and Enterprise Community Partners. Core Innovation Capital’s Arjan Schütte and Kabbage co-founder Kathryn Petralia, who served as PadSplit’s mentor during the Techstars Atlanta program, will join PadSplit’s board.