Ellie Mae vets form SPAC to acquire mortgage and real estate startups

Southport Acquisition Corp. will look to acquire companies with $50 million to $100 million in revenues that are valued between $1 billion and $2 billion. Continue reading

Digital mortgage lender Beeline completes Series A funding round

Digital mortgage lender accesses bank, income and tax information online to provide “purchase-ready approvals” in 15 minutes. Continue reading

Hometap raises $60M to bankroll growth of its home equity business

The growing business allows homeowners to access their home equity as their property values rise — without taking on more debt. Continue reading

Better lays off 900 employees, revamps terms of SPAC merger

Company says it will be better positioned for growth as lenders shift their focus from refinancing mortgages to providing purchase loans. Continue reading

Lessen hits unicorn status with $170M Series B

The new funding round of $170 million, for a total of $214 million raised, pushes Lessen into “unicorn” status, meaning its valuation has topped $1 billion. It’s the second industry player in November to earn the title. Continue reading

Adwerx nabs $14.5M to expand customer relationship advertising

Customer Relationship Advertising, or CRA, refers to the technology’s capability of connecting directly to clients’ CRM tools to identify and target leads with online campaigns, per agent. Continue reading

Co-investing startup Fractional raises $5.5M in seed funding

The San Francisco-based company’s platform helps pair would-be real estate investors with friends or strangers who want to co-own property. Continue reading

Nation’s largest MLS teases upcoming tech investments

California Regional MLS CEO Art Carter highlights broker discomfort after Zillow’s acquisition of ShowingTime and Compass’ acquisition of Glide. Continue reading

Workforce co-living startup PadSplit hauls in $20.5M

PadSplit, an Atlanta-based housing model that formalizes workforce co-living in single-family homes, has secured $20.5 million in Series B financing with backing in part from Mark Cuban Companies and Citi. Continue reading