Splitero Valuation, Funding & Investors
Splitero is valued at $60M as of January 2023.
Last Splitero valuation
$60M
Series A · Jan 2023
Last Splitero funding round
$300M
Undisclosed stage · Oct 2024
Cumulative funding Splitero raised
$318M
across 3 funding rounds
Key investors in Splitero
Fiat Ventures
Permit Ventures
Stackpoint Ventures
Goodwater Capital
PBJ Capital
Spark Growth Ventures
About Splitero
Splitero is a home equity solutions provider enabling U.S. homeowners to access property value through equity-sharing agreements instead of loans. Homeowners sell a future appreciation share to Splitero, receiving upfront cash without monthly payments, credit checks, or new debt. Draper-headquartered, the company structures deals compliant with state regulations, targeting seniors and those facing mortgage challenges.
Founded
2021
HQ
San Diego, CAWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$60M (Jan 2023)
Splitero Valuation
Splitero is currently valued at $60M, based on its Series A in January 2023.
The $12M round was led by Fiat Ventures, with participation from PBJ Capital, Permit Ventures, Joint Effects, Oyster Funds, Mountaineer Capital LLC and 5 other investors.
Splitero valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2023 | Series A | $60M |
Splitero Funding History
Splitero has raised a total of $318M across 3 funding rounds.
Splitero's first fundraising round was a $6M seed round in April 2022. The most recent completed round was a $300M undisclosed-stage round in October 2024.
Splitero funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2024 | Undisclosed stage | Antarctica Capital (lead) | $300M | - | Splitero is a financial technology company based in San Diego that provides homeowners with Home Equity Investments (HEIs), offering lump-sum cash in exchange for a share of the home’s future value without monthly payments or new debt. The company’s Maturity Match™ product aligns HEI terms with homeowners’ senior mortgage timelines, allowing flexible repurchase options. Splitero operates in states including California, Colorado, Oregon, Utah, and Washington, targeting the $11.5 trillion in accessible U.S. home equity to help homeowners pay off debt, renovate, or meet financial goals without selling or refinancing low-rate mortgages. On October 17, 2024, Splitero announced a $300 million strategic capital partnership with funds managed by Antarctica Capital, a New York-based alternative asset manager with over $3.6 billion in assets under management focusing on private markets, credit, and real assets. Antarctica Capital led the commitment, providing long-term capital to scale Splitero’s origination of HEIs through its HEDI™ funding program. The partnership aims to expand access to home equity for more Americans amid record equity levels, with Splitero’s CEO Michael Gifford noting it enables significant business growth. Subsequently, about six weeks later, Splitero secured a separate $350 million capital commitment, and in another development, Splitero, Blue Owl, and Antarctica Capital closed a $283.3 million HEI securitization, indicating ongoing capital market activities to support scaling. |
| Jan 2023 | Series A | Fiat Ventures (lead); PBJ Capital; Permit Ventures; Joint Effects; Oyster Funds; Mountaineer Capital LLC; Dream Ventures; Goodwater Capital; Fortified Ventures; Stackpoint Ventures; Spark Growth Ventures | $12M | $60M | Splitero is a financial technology company that provides homeowners with flexible options to access their home equity without selling their property or taking on new debt or monthly payments. On January 17, 2023, the company announced a Series A funding round of $11.7 million led by Fiat Ventures, with participation from Gemini Ventures, Joint Effects, PBJ Capital, Permit Ventures, Dream Ventures, Goodwater Capital, Spark Growth Ventures, and Oyster Fund. At the time of the round, Splitero operated in California, Colorado, Oregon, Utah, and Washington, with plans to expand into additional states. The company had secured more than $1 billion in financing for homeowners since its launch in August 2021 and achieved significant growth throughout 2022. |
| Apr 2022 | Seed | Stackpoint Ventures (lead); Permit Ventures; Fiat Ventures | $6M | - | Splitero is a financial technology company that provides homeowners with access to home equity through lump-sum cash payments in exchange for a share of future home appreciation. The company allows homeowners to access up to $500,000 without income or credit score requirements and without monthly payment obligations. Founded by CEO Michael Gifford (formerly VP at Sundae and early employee at Kiavi) and COO David Zvaifler (founder of Pacific Pines Real Estate), Splitero launched in April 2022 with a $5.8 million seed funding round led by Gemini Ventures, with participation from Permit Ventures and Fiat Ventures. The company also secured more than $1 billion in total financing to support homeowner access to equity. At launch, Splitero was available in California with plans to expand nationally. |
Who has invested in Splitero?
12 investors have backed Splitero across its funding rounds, including Fiat Ventures, Permit Ventures, Stackpoint Ventures, Goodwater Capital, PBJ Capital and Spark Growth Ventures.
Lead investors include Antarctica Capital, Fiat Ventures and Stackpoint Ventures.
Splitero Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Boston, MA | 2 | Participant | Apr 2022 | |
| San Francisco, CA | 2 | Lead | Apr 2022 | |
| Boston, MA | 2 | Lead | Apr 2022 | |
| Lincoln, NE | 1 | Participant | Jan 2023 | |
| United States | 1 | Participant | Jan 2023 | |
 Luxembourg | 1 | Participant | Jan 2023 | |
| Seattle, WA | 1 | Participant | Jan 2023 | |
| Las Vegas, NV | 1 | Participant | Jan 2023 | |
| San Francisco, CA | 1 | Participant | Jan 2023 | |
| New York City, NY | 1 | Participant | Jan 2023 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSplitero Competitors
Splitero competitors include listed companies like Maroc Leasing, Eqdom and Sancus Lending Group, and private ones like Aviation and Tech Capital, Estateguru and CalTier.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 London | Private | - | - | $35M | - | |
 Morocco | Publicly listed | $417M | - | $108M | - | |
| Morocco | Publicly listed | $207M | - | $261M | - | |
| United Kingdom | Publicly listed | $30M | $5M | $14M | 8.5x | |
 Tallinn | Private | - | - | $60M | - | |
| San Diego, CA | Private | - | - | $56M | - |
Splitero Public Comps
Splitero is still privately-owned, but its public comps include Niyogin Fintech, Minupar Participacoes, Veefin, Kruso Kapital, LendInvest, RMS Mezzanine, Purple Finance, Time Finance, Brookfield Glb Infr Secs and Sygnus Credit Investments.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $25M | $1M | 2.8x | - | 52.5x | - | |||
| $85M | $81M | 0.4x | - | 0.4x | - | |||
| $36M | $8M | 2.4x | - | 10.5x | - | |||
| $43M | - | 4.6x | - | - | - | |||
| $139M | $47M | 9.2x | 20.9x | 27.1x | - | |||
| $3M | - | 71.4x | - | - | - | |||
| $3M | ($729K) | 17.2x | - | (81.2x) | - | |||
| $50M | $11M | 1.4x | 1.3x | 6.0x | 5.4x | |||
This data is available for Pro users. Sign up to see all Splitero competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Splitero
| When was Splitero founded? | Splitero was founded in 2021. |
| Where is Splitero headquartered? | Splitero is headquartered in San Diego, CA, United States. |
| Is Splitero publicly listed? | No, Splitero is a private, VC-backed company. |
| What is Splitero's valuation? | Splitero was last valued at $60M in its Series A in January 2023. |
| How much funding has Splitero raised? | Splitero has raised $318M across 3 funding rounds. |
| What was Splitero's last funding round? | Splitero's last funding round was a $300M undisclosed-stage round in October 2024, led by Antarctica Capital. |
| Who are Splitero's investors? | Splitero's investors include Permit Ventures, Fiat Ventures, Stackpoint Ventures, PBJ Capital, Joint Effects, Oyster Funds, Mountaineer Capital LLC, Dream Ventures, Goodwater Capital, Fortified Ventures and 2 others. |
| Which companies are comparable to Splitero? | Companies comparable to Splitero include Aviation and Tech Capital, Maroc Leasing, Eqdom, Sancus Lending Group, Estateguru and CalTier. |
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