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HouseAmp CEO Rick Hennessey. (HouseAmp Photo)
Seattle-area startup HouseAmp raised a fresh round of funding to fuel growth of its software platform that helps homeowners get access to funds to get their house ready to sell.
HouseAmp CEO Rick Hennessey, a veteran Seattle entrepreneur, confirmed that the company raised $12.4 million from investors including New York-based firm Third Prime and Fortress Private Equity, along with other angels.
Founded in 2020, HouseAmp provides lending and payments infrastructure that connects homeowners, lenders, and service providers. It aims to help streamline the process of making improvements on a house before it goes on the market, including the ability for homeowners to quickly get home equity-based loans.
Hennessey said the company ran a recent trial with limited lenders in a few states and the results “exceeded expectations,” leading to expansion plans and the recent funding.
HouseAmp employs about 30 people, with half of its workforce in the Seattle region, and others across the country.
Hennessey, currently based in Florida, is a serial entrepreneur who previously who sold Seattle mobile software startup Cequint for $112.5 million in 2010. More recently he was CEO of a company called SOLIUS that developed light science to help people increase vitamin D levels. He left the company in 2020 before launching HouseAmp.
