Total amount raised
$317.5 Millions
Latest funding date
12/01/2024
Location
Splitero has successfully raised $300 million from Antarctica Capital and secured a $350 million capital commitment from Blue Owl-managed funds. The platform offers homeowners innovative solutions to access their home equity without incurring new debt or additional monthly payments.
Keep reading to explore the intricacies of Splitero's fundraising journey and the investors backing this innovative platform.
What Is Splitero?
Splitero, founded in 2021, is based in San Diego, California. The company was established by David Zvaifler and Michael Gifford.
Splitero offers innovative financial solutions that allow homeowners to access their home equity without incurring new debt or additional monthly payments. Their services include Home Equity Investment, Home Equity Sharing, Home Appreciation Share, Safety Cap, and Splitero Homes.
With a team of 101-250 employees, Splitero is dedicated to helping homeowners leverage their home equity to improve their lives.
How Much Funding Has Splitero Raised?
- Seed Round
- Amount Raised: $5.8M
- Date: April 2022
- Lead Investors: Stackpoint Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial product offerings.
- Series A
- Amount Raised: $11.7M
- Date: January 2023
- Lead Investors: Fiat Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance product features.
- Private Equity Round
- Amount Raised: $300M
- Date: October 2024
- Lead Investors: Antarctica Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and provide more homeowners access to their home equity.
- Funding Round
- Amount Raised: Not publicly disclosed
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand home equity solutions into new states and grow further throughout the year.
Total Amount Raised: $317.5M
Current Valuation: Not publicly disclosed
Key Investors
- Antarctica Capital
- Details: Antarctica Capital is an alternative asset investment firm headquartered in New York with over $3.6 billion in assets under management. The firm focuses on private markets, credit, and real assets within their target sectors and creates permanent capital vehicles to leverage this investment focus.
- Investment Focus Areas: Private markets, credit, real assets
- Notable Investments: Not publicly disclosed
- Fiat Ventures
- Details: Fiat Ventures is a venture capital firm that invests in early-stage companies. They focus on providing strategic support and capital to help startups scale and succeed.
- Investment Focus Areas: Fintech, consumer technology, enterprise software
- Notable Investments: Not publicly disclosed
- Stackpoint Ventures
- Details: Stackpoint Ventures is a venture capital firm that invests in innovative startups. They aim to support companies with high growth potential through strategic investments and guidance.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
- Spark Growth Ventures
- Details: Spark Growth Ventures is a venture capital firm that focuses on early-stage investments. They provide capital and strategic support to help startups grow and achieve their business goals.
- Investment Focus Areas: Not specified
- Notable Investments: Not specified
What's Next for Splitero?
Splitero stands at the cusp of significant growth opportunities, driven by the $11.5 trillion in accessible home equity held by U.S. homeowners. With the recent $300 million investment from Antarctica Capital, the company is well-positioned to scale its operations and provide more homeowners with innovative financial solutions.
Future fundraising opportunities are likely as Splitero continues to expand its market reach and enhance its product offerings. The company may attract additional strategic investments or partnerships to support its growth trajectory. However, challenges such as market competition, regulatory compliance, and economic fluctuations could impact its progress.
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