Online lender Better Mortgage Raises $70 Million in Venture Capital
CRETech
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1 minute read
In just two years, online lending platform Better Mortgage Inc. has appreciated in value like a move-in ready home in a sought-after neighborhood.
The New York company raised a $70 million Series C funding round from a group of investors that include Healthcare of Ontario Pension Plan and American Express Ventures, in a deal that values the company at just north of $500 million.
Prior backers of the company, including Goldman Sachs Group Inc. ,Kleiner Perkins and Pine Brook Partners, also participated in the round, according to a news release.
