Home renovation startup Freemodel raised a $19.5M Series A round.
The funding round was led by QED Investors in partnership with LL Funds.
- Freemodel partners with real estate agents to design, manage, and pre-pay for clients' home renovations.
- The California-based startup claims to have achieved 500% YoY revenue growth since its launch in 2020.
- Proceeds from the funding round will be used to expand the startup's approach to pre-paid, fully managed market preparation renovations and expand to Texas and Florida in Q1 2023.
- The funding round saw participation from RWT Horizons, FJ Labs, 1984 Ventures, 1Sharpe Ventures, and Crossbeam Venture Partners.
