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BidMyListing, a California-based real estate marketplace has secured $15 million in fresh round funding led by Deer Park Road Management Company LP.
Speaking on the investment round, Matt Proman, Co-Founder of BidMyListing said, “Since its launch, BidMyListing has generated more than 2,000 listings from motivated homeowners looking to connect with real estate agents representing just over half a billion dollars in property value. The traction that we are seeing from home sellers and real estate agents has been tremendous. It’s a clear indicator that BidMyListing represents the future of selling real estate.”
BidMyListing latest investment was provided by STS Master Fund, a Deer Park Road Management flagship master fund.
Commenting on the investment round, Josh Altman, Co-founder of BidMyListing said, “As we continue to see BidMyListing’s early adoption in the marketplace, we are proving what we knew all along – that this marketplace model truly helps both the homeowner and agent. It is showing us what the future of real estate is going to look like.”
“In this market, VCs continue to fund the best companies, and BidMyListing’s recent seed round is no exception. I am proud that Cooley was able to serve as deal counsel, and it is a true pleasure to see this excellent team close a significant round in a tough market. I believe this helps position the company for continued growth,” David Young, partner at Cooley added.