Boston based startup that helps homeowners take out cash without assuming new debt raised $60m in new funding led by American Family Ventures.
“We started this company not only because we thought it was a good business, but because we wanted to be part of something with a social mission,” CEO Jeffrey Glass said. “There are so many people that are house rich and cash poor — and might have a capital need such as renovating a house or paying for college where, historically their only alternative is to further borrow on, or sell their house.”