HouseCanary Revenue, Valuation, Funding & Investors
HouseCanary is valued at $108M as of September 2017, a 4.7x multiple on its last reported $23M revenue.
Last HouseCanary valuation
$108M
Series B · Sep 2017
Last HouseCanary funding round
$65M
Series C · Feb 2020
HouseCanary revenue
$23M
Series B · Sep 2017
Key investors in HouseCanary
Alpha Edison
Morpheus Ventures
PSP Growth
Second Century Ventures
Eric Schmidt
Marbruck
About HouseCanary
HouseCanary is a San Francisco-headquartered real estate technology company founded in 2013, providing home valuation, analytics, and forecasting tools powered by four years of property data. Accessible via app and API, its platform delivers insights for investors and lenders using geospatial analytics and market predictions across the United States.
Founded
2013
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$23M (Sep 2017)
Valuation
$108M (Sep 2017)
HouseCanary Valuation
HouseCanary is currently valued at $108M, based on its Series B in September 2017.
The $31M round was led by PSP Growth.
HouseCanary valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2017 | Series B | $108M | 4.7x |
HouseCanary Revenue
HouseCanary's latest recorded revenue is $23M, as of its Series B in September 2017. At a $108M valuation, that implies a 4.7x revenue multiple.
HouseCanary revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2017 | $23M | $108M | 4.7x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
HouseCanary Funding History
HouseCanary has raised a total of $129M across 3 funding rounds.
HouseCanary's first fundraising round was a $33M Series A in January 2017. The most recent completed round was a $65M Series C in February 2020.
HouseCanary funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2020 | Series C | Alpha Edison (lead); Morpheus Ventures (lead); PSP Growth (lead); Second Century Ventures; Marbruck | $65M | - | HouseCanary is a San Francisco-based home valuation fintech company founded in 2013, specializing in accurate residential real estate valuations using data analytics, machine learning, and SaaS technology. It provides automated valuations that replace traditional two-to-three-week human appraisals with instant results at lower cost, powering transactions for institutional investors, consumers, lenders, and financial institutions across the U.S. housing market. The company claims a 2.5% median absolute percentage error for 106 million U.S. residential properties. In February 2020, HouseCanary closed a $65 million Series C growth funding round led by Morpheus Ventures, Alpha Edison, and PSP Growth, with Second Century Ventures also participating, bringing total funding to $130 million. The capital is intended to enhance valuation accuracy, expand the team, accelerate market adoption, and invest in technology like the ComeHome platform for mortgage lenders and real estate transactions. At the time, HouseCanary reported powering over $200 million in real estate transactions monthly and enabling over $100 billion in closings that year through partnerships. The funding positions HouseCanary to streamline real estate processes amid a $2 trillion residential market, focusing on institutional and consumer needs. Investors highlighted its disruptive software for changing the industry landscape. Post-round, HouseCanary made its first acquisition of real estate tech startup Dropmodel. |
| Sep 2017 | Series B | PSP Growth (lead) | $31M | $108M | HouseCanary is a San Francisco-based real estate data analytics and valuation platform founded in 2014, providing predictive analytics, property valuations, and market forecasts using over 40 years of data on more than 100 million U.S. properties, achieving median valuation errors of 2.5% or less. The platform serves enterprise customers including Invitation Homes, LendingHome, Roofstock, Google Cloud, RE/MAX, and First American, aiding lenders, appraisers, investors, and realtors in property selection, underwriting, and portfolio optimization. On September 14, 2017, HouseCanary closed a $31 million Series B funding round led by PSP Growth (venture arm of PSP Capital, founded by Penny Pritzker), with participation from Alpha Edison and existing investors, bringing total funding to $64 million following a $33 million Series A earlier that year. The company, with over 100 employees at the time, planned to use the proceeds to innovate on predictive analytics, technology, appraisal tools, go-to-market strategies, and expand its customer base beyond 250 enterprises. CEO Jeremy Sicklick highlighted the technology's role in revolutionizing access to transparent real estate data for the $30 trillion U.S. residential market, emphasizing software licensing to appraisers and investment firms. PSP Growth's Mike Oleshansky and Penny Pritzker praised HouseCanary's modernization of the real estate industry through data-driven decisions. Later developments include a $65 million Series C in 2020 led by Morpheus Ventures, Alpha Edison, and PSP Growth, bringing total funding to $129-$130 million, by which time the company claimed to power over $200 million in transactions with predictions for $100 billion that year. |
| Jan 2017 | Series A | Grey Wolf; Alpha Edison; Eric Schmidt; Raven Ventures Australia; ECA Ventures; Bryant Stibel Investments; Morpheus Ventures | $33M | - | HouseCanary is a real estate analytics and software platform that uses machine learning and proprietary algorithms to provide accurate home valuations and price forecasts. The company was founded in 2014 and builds on over 40 years of historical U.S. home sales data covering more than 100 million properties, with the ability to forecast prices across 4 million residential blocks and 20,000 city markets. By 2017, HouseCanary had refined its margin of error to 2.5 percent, representing significant improvement over its initial nationwide median absolute prediction error of 5 percent. In January 2017, HouseCanary announced a $33 million Series A funding round led by investors including Hillspire (Eric Schmidt's family office), Alpha Edison, ECA Ventures, and Raven Ventures. The round also included earlier backers Bryant Stibel Investments and Kobe Bryant. The company targets real estate investment firms, home appraisers, agents, and brokerages who use its platform to make pricing decisions, assess property equity, and forecast market conditions. Following the Series A, HouseCanary raised an additional $31 million in Series B funding in September 2017, led by PSP Growth (the venture arm of PSP Capital, founded by former Commerce Secretary Penny Pritzker) and including existing investors. This brought the company's total 2017 funding to $64 million. The Series B capital was earmarked for improving appraisal tools, expanding go-to-market strategy, and growing the user base. |
Who has invested in HouseCanary?
10 investors have backed HouseCanary across its funding rounds, including Alpha Edison, Morpheus Ventures, PSP Growth, Second Century Ventures, Eric Schmidt and Marbruck.
Lead investors include Alpha Edison, Morpheus Ventures and PSP Growth.
HouseCanary Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Los Angeles, CA | 2 | Lead | Jan 2017 | |
| Los Angeles, CA | 2 | Lead | Jan 2017 | |
| Chicago, IL | 2 | Lead | Sep 2017 | |
| San Francisco, CA | 1 | Participant | Jan 2017 | |
| Chicago, IL | 1 | Participant | Feb 2020 | |
| New York City, NY | 1 | Participant | Jan 2017 | |
 Sydney | 1 | Participant | Feb 2020 | |
| Sydney | 1 | Participant | Jan 2017 | |
This data is available for Pro users. Sign up to see all 10 HouseCanary investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by HouseCanary
HouseCanary has acquired 1 company to date.
Last acquisition by HouseCanary was on March 28th 2020. HouseCanary acquired Dropmodel for undisclosed valuation.
Latest Acquisitions by HouseCanary
| Description | Dropmodel is a SaaS toolkit offering calculators and models for real estate investors, including rental refinancing analysis, comparable sales reports, and deal evaluation spreadsheets. Founded in 2015, the Austin-based platform serves agents, landlords, and flippers with Excel-integrated tools updated for current market data from MLS sources. |
| HQ Country | |
| HQ City | New York City, NY |
| Deal Date | 28 Mar 2020 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all HouseCanary acquisitions and their M&A valuation multiples. Start Free Trial | |
HouseCanary Competitors
HouseCanary competitors include listed companies like LendInvest and Voxtur Analytics, and private ones like LANDBAY, Baselane, GROUNDFLOOR and BestEx Research.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 London | Private | - | - | $69M | - | |
| New York City, NY | Private | - | - | $200M | - | |
| United Kingdom | Publicly listed | $139M | $47M | $54M | 20.9x | |
| Atlanta, GA | Private | - | - | $235M | - | |
 Canada | Publicly listed | $33M | ($34M) | $23K | - | |
| Stamford, CT | Private | - | - | $110M | - |
HouseCanary Public Comps
HouseCanary is still privately-owned, but its public comps include Maroc Leasing, Luxor, Business Online, SysJust, BRPR Corporate Offices, Greystone Housing Impact, Brookfield Glb Infr Secs, Luzon Credit and Finance, FnGuide and Sino-Ocean Group Holding.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $417M | - | 3.1x | - | - | - | |||
| $17M | $13M | 10.7x | - | 14.2x | - | |||
| $23M | $10M | 5.2x | - | 11.5x | - | |||
| $32M | $8M | 2.0x | - | 7.5x | - | |||
| $20M | $16M | 6.6x | - | 8.2x | - | |||
| $72M | - | 16.8x | 14.3x | - | - | |||
| $10M | - | 8.5x | - | - | - | |||
| - | - | - | - | - | - | |||
This data is available for Pro users. Sign up to see all HouseCanary competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HouseCanary
| When was HouseCanary founded? | HouseCanary was founded in 2013. |
| Where is HouseCanary headquartered? | HouseCanary is headquartered in San Francisco, CA, United States. |
| Is HouseCanary publicly listed? | No, HouseCanary is a private, VC-backed company. |
| What is HouseCanary's valuation? | HouseCanary was last valued at $108M in its Series B in September 2017. |
| How much funding has HouseCanary raised? | HouseCanary has raised $129M across 3 funding rounds. |
| What was HouseCanary's last funding round? | HouseCanary's last funding round was a $65M Series C in February 2020, led by Alpha Edison, Morpheus Ventures and PSP Growth. |
| Who are HouseCanary's investors? | HouseCanary's investors include Alpha Edison, Morpheus Ventures, PSP Growth, Grey Wolf, Second Century Ventures, Eric Schmidt, Marbruck, Raven Ventures Australia, ECA Ventures and Bryant Stibel Investments. |
| What is HouseCanary's revenue? | HouseCanary's latest recorded revenue is $23M (September 2017). |
| What is HouseCanary's revenue multiple? | HouseCanary's latest valuation implies a 4.7x revenue multiple ($108M valuation on $23M of revenue). |
| Which companies are comparable to HouseCanary? | Companies comparable to HouseCanary include LANDBAY, Baselane, LendInvest, GROUNDFLOOR, Voxtur Analytics and BestEx Research. |
| How many companies has HouseCanary acquired? | HouseCanary has acquired 1 company, including Dropmodel. |
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