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Avenue One announces $100m strategic funding round
Avenue One, a property technology service platform and marketplace for institutional owners, buyers and sellers of residential homes, has announced a strategic funding round of $100 million, led by WestCap with participation from MetLife Investment Management and other leading investors.
Avenue One said the new funding will be used to enhance its technology and data platform, expand its local partner network and support the growth of its institutional marketplace. Other existing investors in Avenue One include credit funds managed by KKR and insurance company Global Atlantic.
Avenue One simplifies institutional access to a large and complex asset class through a service platform that combines proprietary data and a network of local partners to identify, acquire, renovate, lease and manage residential investment properties. This ecosystem of independent businesses — which includes brokers, contractors, title professionals and property managers — provides local exp