Total amount raised
$8.2 Millions
Latest funding date
08/01/2024
Location
Beeline has successfully raised funding through multiple rounds, leveraging its innovative digital home loan lending platform. The company utilizes artificial intelligence and personal "Loan Guides" to streamline the home financing process, making it more transparent and efficient for home-buyers and refinancers.
With a focus on simplifying investment property loans, refinancing options, and loans for self-employed buyers, Beeline offers a quick and easy application process. Keep reading to explore the intricacies of Beeline's fundraising journey and the investors backing this forward-thinking platform.
What Is Beeline?
Beeline, founded in 2019, is based in Providence, Rhode Island. The company was established by Greg Ellis, Jay Stockwell, Jess Kennedy, Nick Liuzza, and Peter Gonzalez.
Beeline specializes in developing a digital home loan lending platform that simplifies the financing process using artificial intelligence and personal "Loan Guides." Their services include investment property loans, refinancing options, and loans for self-employed buyers.
With a team of 51-100 employees, Beeline emphasizes a quick and easy application process, providing tailored loan options and fast closings to ensure customer satisfaction.
How Much Funding Has Beeline Raised?
- Seed Round
- Amount Raised: $7.6M
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To start operations in initial markets and expand to 10 additional states by the end of 2020.
- Series A
- Date: December 2021
- Lead Investors: Cavalry Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
- Venture Round
- Amount Raised: $575K
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Not publicly disclosed
Total Amount Raised: $8.175M
Current Valuation: Not publicly disclosed
Key Investors
The information requested about the major investors in Beeline and their details, investment focus areas, and notable investments was not found in the provided sources. The only investor identified is Cavalry Fund, and no additional details about other investors or their specific focus areas and notable investments were available.
Here is the information that could be gathered:
- Cavalry Fund
- Details: Cavalry Fund is a key investor in Beeline. Specific details about the fund were not provided in the sources.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
Unfortunately, the other sources provided did not contain any relevant information about additional investors in Beeline.
What's Next for Beeline?
Beeline's future looks promising as it continues to expand its market presence. With initial operations in states like Washington, D.C., Florida, and Texas, the company plans to extend its reach to 10 additional states. This expansion is supported by their innovative use of machine learning to streamline the loan application process, offering significant growth potential in the digital home loan market.
As Beeline scales, future fundraising opportunities are likely to arise. The need for continuous technological advancements and market expansion may drive the company to seek additional funding rounds. However, challenges such as competition from established lenders and regulatory hurdles in different states could pose obstacles.
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