- ZeroDown, a company that is known for helping customers buy a home in the Bay Area, announced it closed more than $100 million
ZeroDown — a startup that is known for helping customers buy a home in the Bay Area of California without making a down payment — announced it has closed more than $100 million of debt capital from Credit Suisse.This debt financing will be used for fueling the company’s next stage of growth.
“ZeroDown has received an overwhelmingly positive response during the past few months and has provided San Francisco residents with the means to buy their dream homes,” said ZeroDown Director of Capital Markets Scott Lustig. “This additional funding from Credit Suisse enables us to accelerate our mission of giving homebuyers greater power and flexibility in the home buying process.”
Ever since ZeroDown launched publicly this summer, the company has seen its customer demand quadruple as homebuyers look to use the ZeroDown platform to purchase their dream home. And those looking to buy a home can get started with an easy online approval. Buyers can find a home on the market and ZeroDown will buy it for them with an all-cash offer. From there, buyers can pay monthly lease payments to ZeroDown and earn purchase credits that can be used for purchasing the home from ZeroDown after an agreed period of time.
Plus ZeroDown allows customers to move in on their own schedule. Along with that, ZeroDown provides a high-touch luxury concierge service that helps customers with everything from cleaning to moving to ordering new furniture.
Launched in 2018, ZeroDown has raised over $30 million in equity financing led by Sam Altman and Goodwater Capital. And ZeroDown was founded by CEO Abhijeet Dwivedi, Hariharasudhan Viswanathan, and CTO Laks Srini.
