Why Real Estate Startup Houwzer Picked Baltimore and Orlando for its Next Expansion
Center City-based real estate startup Houwzer, creators and operators of a tech-enabled brokerage service, announced that it has plans to expand to two new markets and has just raised a $9.5 million Series A round of financing.
The round was led by Princeton-based Edison Partners, and previous investors Admiral Capital Group and real estate investor Ira Lubert also participated, the company said. Additional new investors include Ben Franklin Technology Partners’ GO Philly Fund and Chestnut Street Ventures.
Houwzer will use the Series A to immediately expand to the Baltimore area as well as expand to Orlando over the next year. It will also grow its existing presence and teams in the Philly and Washington, D.C. regions.
“We’re really excited about what Houwzer has built and where the company is headed,” said Michael Kopelman, general partner at Edison Partners, in a statement. “I’m confident that Houwzer is positioned nicely to deliver on a differentiated customer service promise with its salaried labor model and tech-enabled platform.”
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