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New markets Backflip enters in 2024
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Story
Backflip Raises $15M Led by Firstmark to Revolutionize Property Flipping
Apr 30, 2024, 11:01 AM
Backflip, a startup designed to assist real estate investors in property flipping, has successfully raised $15 million in a Series A funding round led by Firstmark Capital. The funding aims to support the company's innovative application that helps analyze and finance properties for flipping. Described as a hybrid of Zillow and Shopify, Backflip offers unique financing options and aims to empower small-scale investors and modernize the housing supply across America. The company's approach has been likened to a combination of real estate and e-commerce platforms, providing tools to rejuvenate and modernize communities.
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