The AI-powered platform has raised a total of $16.5M to remove complexities of the home-buying process and offer personalized support from certified new construction real estate experts

December 18, 2024 09:15 AM Eastern Standard Time

AUSTIN, Texas–(BUSINESS WIRE)–Jome, an AI-powered real estate marketplace that helps buyers find, compare, and purchase new construction homes, today announced a $9.8 million Series A funding round led by Geek Ventures with participating investors U.Ventures, Toloka VC, and Forefront VP. The capital will be used towards expanding its regional footprint in the U.S. Jome, formerly known as NewHomesMate, is now operating in 16 U.S. major cities including Austin, Denver and Miami, listing 90% of available new construction inventory.

“There’s a shortage of 4 to 7 million homes in the U.S., making the building and selling of new construction homes a crucial lifeline to alleviate this crisis”Post this

“There’s a shortage of 4 to 7 million homes in the U.S., making the building and selling of new construction homes a crucial lifeline to alleviate this crisis,” said Dan Hnatkovskyy, co-founder and CEO at Jome. “However, most newly built homes, or one third of single-family homes on the market, aren’t even listed on the major real estate listing platforms and instead tucked away in builders’ spreadsheets. We created Jome to remove these bottlenecks while offering tailored support from certified real estate experts trained specifically on the nuances of the new construction home market. The new home buying process should be filled with joy, which encompasses the intention behind our new brand, Jome – to bask in the joy of purchasing a new construction home.”

Jome leverages AI and machine learning to aggregate scattered data on available new construction homes, including pricing, builder incentives, nearby amenities, air quality scores, and more. This enables buyers access to advanced filtering to showcase the most relevant new construction matches, free consultations with certified real estate experts, AI-powered contract review and summarization and the ability to instantly book a viewing minutes before they arrive, all on one user-friendly and seamless platform.

“The recent surge in mortgage rates has caused people to increasingly stay put in their existing homes, which has put for-sale inventories at an all-time low. Jome has taken on an ambitious mission to fix access to housing, and has shown significant success on this path already. The company has improved market efficiency for buyers and builders all over the country, as its outstanding growth trajectory shows. We value startups willing to take on big challenges and are glad to support their mission,” — Ihar Mahaniok, a Managing Partner at Geek Ventures, says.

Jome, rebranded from NewHomesMate, to offer a marketplace where home buyers can experience joy and independence as it enters the next phase of modernizing an industry that is usually referred to as traditional. With new generations on the market for a new home, it’s crucial to Jome to be technology-driven and offer accessibility, speed, personalized expert support and a sense of community.

Jome has already assisted over 100,000 buyers in their search and generated over $250M in sales for homebuilders, including the big three of D.R. Horton, Lennar, and PulteGroup. The company has seen its revenue grow by over 300% since its 2023 seed round and plans to continue this momentum in 2025.

ABOUT JOME

Jome is an AI-powered real estate marketplace that simplifies the home-buying experience for new construction homes. Buyers can find, compare, and purchase a home with support from Jome’s team of certified experts trained specifically on the new construction home buying process and market. Founded in 2020, Jome has worked with the country’s leading homebuilders to serve the most challenging property markets in the U.S. The company has raised a total of $16.5 million in Series A funding, led by Geek Ventures, with participation of U.Ventures, Toloka VC, and Forefront VP.

ABOUT GEEK VENTURES

Geek Ventures is an early-stage venture fund in NYC investing in highly ambitious tech startups with outstanding immigrant founders. Geek Ventures was founded by Ihar Mahaniok, an early investor in 100+ companies, including Instacart, Pandadoc, People.ai, and Airbyte. Geek Ventures has invested in more than 40 companies across AI, Proptech, Healthtech, Marketplaces, and more.

Contacts

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