June 25, 2015

Tommy Sowers

GoldenKey secures $1.1M in First Round funding

Real estate startup pairs homebuyers with agents offering unbundled services

GoldenKey has raised $1.1M to further its mission to empower both homebuyers and real estate agents. GoldenKey's first round of funding, led by Oxpoint Investments and Buchanan Ventures, includes investments from Blue {Seed} Capital, Arnold Capital, and a number of angel investors.

"Technology has revolutionized commerce, but the real estate industry has largely been left behind,” says Paul Arnold of Arnold Capital. "GoldenKey is an innovator in an inefficient market, and its model will scale rapidly. Led by an exceptional founding team, GoldenKey has tremendous potential.”

GoldenKey offers homebuyers a full 3% rebate on their home purchase and connects buyers to real estate agents offering unbundled services. GoldenKey also empowers agents to work on their own terms – the services they love, on the schedule they want, at the prices they set. With nearly two years of runway, GoldenKey will use the funding to refine its product based on user feedback.

"We're excited to partner with a phenomenal group of investors who share our vision: empowering homebuyers and agents to tailor the process to their unique needs,” says GoldenKey Co-Founder and CEO Tommy Sowers.

"This funding gives our team the freedom we need to refine a new model for the real estate industry – one that returns choice to buyers and creates new opportunities for agents.”

GoldenKey's recent pilot launch in Raleigh-Durham, NC validated the model as both real estate agents and buyers joined GoldenKey's online marketplace. The GoldenKey founders bring decades of multi-sector leadership and clear vision to GoldenKey, and will present their new model to the leaders of the real estate industry today at the Realogy FWD summit.

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