Total amount raised
$13 Million
Latest funding date
8/1/2021
Location
Aalto has raised USD 13,000,000 in a Series A funding round, backed by five investors including Sequoia Capital, Defy.vc, and Greg Waldorf. The real estate platform offers innovative home buying and selling services.
What Is Aalto?
Aalto was a real estate platform based in San Francisco, California, offering innovative home buying and selling services. The company operated as a private entity and had an employee count ranging from 11 to 50.
Specializing in the internet, marketplace, and real estate industries, Aalto successfully raised funding through a Series A round. Despite its promising start, the company is now permanently closed.
How Much Funding Has Aalto Raised?
- Series A
- Amount Raised: USD 13,000,000
- Date: August 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Aalto's goal of disrupting the agent-focused real estate market by providing a platform that connects sellers with pre-qualified buyers, eliminates procedural delays, removes middlemen, and offers data analytics about market trends.
Total Amount Raised: USD 13,000,000. Current Valuation: Not publicly disclosed. Aalto's own launch release put lifetime funding at USD 17,300,000; this total covers only the Series A round listed here.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm known for investing in early and growth-stage companies. It has a significant influence in the tech industry and has backed numerous successful startups.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, Oracle
- Background Capital
- Details: Background Capital is a venture capital firm that invests in early-stage startups. The firm aims to support innovative companies with high growth potential.
- Investment Focus Areas: Early-stage technology startups
- Notable Investments: Not publicly disclosed
- Defy Partners
- Details: Defy Partners is a venture capital firm focused on early-stage investments. The firm seeks to partner with entrepreneurs to build impactful companies.
- Investment Focus Areas: Early-stage technology, consumer companies
- Notable Investments: Not publicly disclosed
- Maple VC
- Details: Maple VC is a venture capital firm that invests in early-stage companies. The firm is dedicated to supporting startups through their initial growth phases.
- Investment Focus Areas: Early-stage technology startups
- Notable Investments: Not publicly disclosed
- Greg Waldorf
- Details: Greg Waldorf is an individual investor known for his investments in technology and real estate startups. He has a track record of supporting innovative companies.
- Investment Focus Areas: Technology, real estate
- Notable Investments: Not publicly disclosed
What's Next for Aalto?
Aalto raised no funding after the August 2021 Series A. The platform connected sellers with pre-qualified buyers and cut procedural delays in the Bay Area market, and it had a network of 30,000 buyers. It competed with established players such as Zillow and Redfin.
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