US-based Entera, a SaaS platform for single-family real estate investors, announced on June 30 that it has raised US$ 32 million in Series A funding round.
Investors: The funding round was led by Goldman Sachs Asset Management with participation from existing investors including Bullpen Capital, Craft Ventures and Valuestream Ventures.
About Entera
Founded in 2018, Gregory Morrison, Martin Kay and Robert Salmons, Entera is a venture backed real estate technology company that operates a full service SaaS platform coupled with a team of local real estate experts and a network of services providers for single family investors. It helps them to make intelligent decisions, scale their operations and maximize returns with 100% control. Many large real estate investors use Entera daily to find, buy and operate single family homes. The company is headquartered in New York City and Houston, Texas.
The company claims that nearly US$ 1 billion of homes have been transacted on its platform across 24 markets since its inception. Entera allows existing owners to intelligently scale their acquisitions and operational footprint while maximizing returns. It follows an “asset-light” direct investment approach that uses real-time data to select markets, simulate scenarios, deploy capital and develop their operations with full visibility.
What the CEO has to say: “Investing in single family residential has historically been complex and difficult to scale, resulting in unreliable returns compared to other types of real estate asset classes. Our mission is to change this dynamic. With our AI-driven ideation, decisioning and transaction technology, coupled with our team of local real estate professionals, we empower investors to understand consumer demand, seize buying opportunities and deliver predictable returns. We think we have cracked the code on how to intelligently find, buy and operate single family homes using a centralized full-service platform.” — Martin Kay, CEO and co-founder of Entera.
About Goldman Sachs Asset Management Growth Equity
Launched in 2003, the Growth Equity business within Goldman Sachs Asset Management has invested over US$ 13 billion in companies. It focuses exclusively on investments in growth stages and technology-driven companies across multiple industries, including enterprise technology, financial technology, consumer and healthcare.
What the investors have to say: “Single family residential is one of the last frontiers for institutionalization. Entera is building the infrastructure to significantly reduce barriers to entry for new real estate investors and improve the operations of the most experienced owners. They are a true game-changer for groups looking to enter the space or accelerate their market share.” — Paul Pate, Vice President in the Growth Equity business within Goldman Sachs Asset Management.
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