Under the radar homeowner concierge portal Milestones (milestones.ai) is ready to rapidly go to market after raising $10.3 million in Series A funding. Moving technology company Updater, led the investment round.
The raise comes after three years of product development in stealth mode and will help fuel a go-to-market strategy, according to a press release. Other strategic investors in the round include Second Century Ventures, the strategic investment arm of the National Association of Realtors, Peerage Capital, McLaughlin Ventures, WAV Group Ventures, T3 Partners, Sellers Shield, as well as individuals and other large brokerages.
The firm also announced its Board of Directors, which includes Dustin Gray, Milestones Founder and CEO; David Greenberg, Founder and CEO of Updater; Brian Maughan, EVP of FNF; Mark A. McLaughlin, CEO of McLaughlin Ventures; and Scott Gordon, CEO of Open Mortgage.
Milestones will bring to market a home ownership portal similar to consumer offerings for managing healthcare, personal finance, and education. The portal will monitor the value of a consumer’s home, provides search for homes for sale, and manages the transaction when a homeowner is ready to sell the home. It offers consumers services through a partnership with real estate professionals in brokerage, mortgage, title, and insurance.
“It is gratifying to see a wide spectrum of the real estate industry support such a profound effort to better serve consumers,” says Dave Garland, Managing Partner at Second Century Ventures, in a statement. “This investment represents our focus on promoting innovation in the real estate industry and its supported verticals.”
The homeowner portal will compete with Zillow’s yet to be released “super app.”
