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Venture Capital News: Tomo Networks Nabs $40M Seed Round

2020-11-03
STAMFORD, CT, Tomo Networks has raised a seed financing round of $40 million.
Tomo Networks, a fintech startup that will improve the homebuying experience, initially as a digital mortgage and transaction company, announced it has raised a seed round of $40 million led by Ribbit Capital, NFX and Zigg Capital.

Other institutional investors include SVB Capital. Individual investors include hedge fund luminaries Alex Sacerdote, Kurt Mobley & Eli Weinberg; former Zillow CEO Spencer Rascoff; and Ted Ackerley of Seattle-based Ackerley Partners LLC.

Tomo Networks Inc. (DBA: Tomo) is a fintech startup that improves the homebuying experience.Tomo will provide what we want and deserve: the efficiency of a tech-enabled real estate transaction and the intimacy of having a team of elite professionals on our side. Tomo was created by Greg Schwartz and Carey Armstrong and in October 2020 announced a $40 million seed round. Tomo's team is dedicated to the philosophy of Omotenashi -- anticipating the customer's needs and meeting them before the customer is even aware they exist. For more information, visit tomonetworks.com
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