Jome, an AI-based real estate marketplace that helps buyers find, compare, and purchase new construction homes, announced a $9.8 million Series A funding round led by Geek Ventures with participating investors U.Ventures, Toloka VC, and Forefront VP. The funding will expand its regional footprint in the U.S. Jome, formerly NewHomesMate, now operates in 16 major U.S. cities, including Austin, Denver, and Miami, listing 90% of available new construction inventory.
Jome utilizes AI and machine learning to aggregate scattered data on available new construction homes, including pricing, builder incentives, nearby amenities, air quality scores, etc. This enables buyers to access advanced filtering to showcase the most relevant new construction matches, free consultations with certified real estate experts, AI-based contract review and summarization, and instant booking of a viewing minutes before they arrive, all on one user-friendly and seamless platform.
Jome was rebranded from NewHomesMate to offer a marketplace where home buyers can experience joy and independence as it enters the next phase of modernizing an industry usually referred to as traditional. With new generations on the market for a new home, Jome needs to be technology-driven and offer accessibility, speed, personalized expert support, and a sense of community.
Jome has assisted 100,000+ buyers in their search and generated over $250 million in sales for homebuilders, including the big three: D.R. Horton, Lennar, and PulteGroup. The company has seen its revenue grow by over 300% since its 2023 seed round and plans to continue this momentum next year.
KEY QUOTES:
“There’s a shortage of 4 to 7 million homes in the U.S., making the building and selling of new construction homes a crucial lifeline to alleviate this crisis. However, most newly built homes, or one third of single-family homes on the market, aren’t even listed on the major real estate listing platforms and instead tucked away in builders’ spreadsheets. We created Jome to remove these bottlenecks while offering tailored support from certified real estate experts trained specifically on the nuances of the new construction home market. The new home buying process should be filled with joy, which encompasses the intention behind our new brand, Jome – to bask in the joy of purchasing a new construction home.”
– Dan Hnatkovskyy, co-founder and CEO at Jome
“The recent surge in mortgage rates has caused people to increasingly stay put in their existing homes, which has put for-sale inventories at an all-time low. Jome has taken on an ambitious mission to fix access to housing, and has shown significant success on this path already. The company has improved market efficiency for buyers and builders all over the country, as its outstanding growth trajectory shows. We value startups willing to take on big challenges and are glad to support their mission.”
– Ihar Mahaniok, a Managing Partner at Geek Ventures
