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.