PropTech company June Homes, which uses algorithm technology to assist mom-and-pop owners and apartment residents find economically viable rental matches, announced this week that it has raised $50 million in total funding.
The funding is led by SoftBank Ventures Asia with participation from TQ Ventures (founded by Schuster Tanger, Scooter Braun, and Andrew Marks), FJ Labs, K50, Reshape, Quiet Capital, and angel investors, including musician Demi Lovato and Scott Belsky (founder of Behance).
The $50M in equity financing includes a recently raised $27M Series B as well as a previously unannounced $13M Series A and $10M in seed funding. Capital will be used to fuel the company's expansion to other U.S. markets and further its mission to create a more fair, transparent, and efficient real estate system.
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