We’re excited to announce that Cottage has closed $15M in Series A financing led by Fifth Wall.
Updated Apr 06, 2022
We’re excited to announce our $15m Series A financing led by Fifth Wall and joined by new investors 1Sharpe Ventures and DivcoWest Ventures. The round, covered in depth by TechCrunch, also saw participation from existing investors Susa Ventures and Base10 Partners, as well as leading entrepreneurs and innovators across the real estate tech space. Other investors include Nichole Wischoff (formerly Built, Blend), Foundamental, Fred Tuomi (former CEO, Invitation Homes), Reshape, Sean Breuner (Founder & CEO, Avantstay), Jerry Coleman (Cofounder, Invitation Homes, Elevation Solar), Jon Dishotsky (Founder & CEO, Starcity) and Jonathan Scherr (Founder & CEO, Juno).
Anyone who’s taken on a home improvement project will tell you there has to be a better way, and now there is. This new round of capital will enable us to invest in our software platform and marketplace for residential construction, and expand to new markets across the US.
Since our launch, we’ve worked with hundreds of homeowners across the Bay Area and Los Angeles to design, permit and build their Accessory Dwelling Units (ADUs). By applying technology to the outdated, manual processes commonplace in the industry, we’re empowering homeowners and contractors to build more and build better.
None of this would be possible without our homeowners and builders, many of whom have played a major part in helping us develop our products and process. We don’t take for granted that you’ve trusted us with your homes and businesses in the earliest days. We look forward to delivering an even better experience over the coming months and years.