Ascend( Real Estate Services
Real estate platform turning renters into owners.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$3.7m | Seed | ||
| Total Funding | 000k | ||
Ascend operates a real estate platform designed to transition renters into homeowners. The company, established in 2022, enables individuals to find rental homes and use their security deposits to invest in a portfolio of properties. This model allows renters to build wealth through real estate by earning returns from both rental income and property value appreciation.
The firm primarily serves renters who are looking to build equity, as well as real estate investors seeking to grow their portfolios with cash-flowing rental or distressed properties. Ascend's business model involves acquiring discounted real estate, including foreclosures, fixer-uppers, and bank-owned properties, and then making them available to its clients. Revenue is generated by adding a fee to the properties once they are closed on by an investor. The company's proprietary marketing systems allow it to maintain a consistent deal flow of properties valued significantly below the current market.
Ascend has received financial backing from venture capital sources, securing a seed round of $3.71 million in July 2022. Key investors include Gutter Capital, Niche Capital (San Francisco), Cold Start, and Ligature (Colorado).
Keywords: real estate investing, rent-to-own, property technology, fractional ownership, homeownership platform, real estate equity, rental property investment, distressed properties, investment property, security deposit investment, real estate portfolio, cash flow properties, property acquisition, real estate finance, venture capital, seed funding, proptech, real estate services, residential real estate, wealth building