The U.S. housing crisis continues to loom large, with a staggering shortage of 4 to 7 million homes. Amid this backdrop, real estate technology startup Jome has secured $9.8 million in Series A funding to help address the growing demand for new construction homes. This funding round was led by Geek Ventures, with additional support from U.Ventures, Toloka VC, and Forefront VP. With a total of $16.5 million raised since its inception, Jome aims to expand its platform, making the home-buying process more accessible, efficient, and joyful.
As the housing market struggles to keep up with demand, particularly for new construction homes, Jome stands out as a critical player. The company, which was rebranded from NewHomesMate, has been actively working to solve the problem of finding and purchasing newly built homes. The process has long been complicated, with many new homes not even listed on the major real estate platforms, leaving buyers in the dark.
“There’s a shortage of 4 to 7 million homes in the U.S., making the building and selling of new construction homes a crucial lifeline to alleviate this crisis,” said Dan Hnatkovskyy, co-founder and CEO at Jome. “However, most newly built homes, or one-third of single-family homes on the market, aren’t even listed on the major real estate listing platforms and instead tucked away in builders’ spreadsheets. We created Jome to remove these bottlenecks while offering tailored support from certified real estate experts trained specifically on the nuances of the new construction home market. The new home buying process should be filled with joy, which encompasses the intention behind our new brand, Jome – to bask in the joy of purchasing a new construction home.”
