Real Estate Fintech Backflip Announces $15 Million Series A Fundraise, Crosses $10M Net Revenue Run Rate
Backflip, the all-in-one real estate and financial technology platform for real estate entrepreneurs, announced today its $15 million Series A led by FirstMark Capital, early investors in category-defining platforms Airbnb, Shopify, and Pinterest.
- Backflip, the all-in-one real estate and financial technology platform for real estate entrepreneurs, announced today its $15 million Series A led by FirstMark Capital, early investors in category-defining platforms Airbnb, Shopify, and Pinterest.
- View the full release here: https://www.businesswire.com/news/home/20240429724886/en/
The funding round comes after the company crossed $10 million in net revenue run rate – reaching near profitability. - Backflip grew its revenue run rate 5x year-over-year in 2023 despite housing market headwinds, with members analyzing an average of $5 billion in properties each month on the platform.
- Backflip is driving the future of real estate entrepreneurship through an end-to-end platform serving a like-minded community.