QuantmRE
Overview
QuantmRE is a blockchain-based real estate finance platform that facilitates Home Equity Agreements, enabling homeowners to access cash from their home equity without incurring debt, interest, or monthly payments. Founded in 2017 by Matthew Sullivan, the company is headquartered in Newport Beach, California. QuantmRE has raised approximately $2.8 million in funding, backed by investors like Algorand.
Recent Developments
- May 2024: QuantmRE secured an additional $20K in a Conventional Debt round, totaling its raised capital to $100K in two rounds. They plan to make their equity agreements more accessible and tradable via blockchain technology, particularly using the Algorand protocol.
- March 2024: QuantmRE announced a partnership with Texture Capital to broaden its compliance and regulatory readiness, enhancing its Home Equity Marketplace capabilities for a fractionalized trading platform.
- January 2024: QuantmRE's innovative approach to home equity was highlighted in discussions around crypto asset markets and tokenization, evidencing sustained interest and potential sector growth.
- Late 2023: The company extended its operations and partnerships, focusing on expanding its marketplace and refining its blockchain-based solutions for real estate investments.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Newport Beach, CA, USA |
| Founders | Matthew Sullivan |
| Revenue | Not publicly available |
| Profits | Not publicly available |
| Key Investors | Algorand, Zain Ventures |
| Industry | Real Estate Finance |
| Number of Employees | Approximately 2-10 |
Early History
QuantmRE was conceived to address the issue of illiquid home equity, offering homeowners a tool to access the equity in their homes without taking on additional debt. The platform was initially backed by seed capital from various investors, allowing it to develop its technology for home equity investment based on blockchain. The company's foundational approach combined real estate knowledge with innovative financial technology, spearheaded by Sullivan's prior experiences in real estate and technology ventures.
Company Profile and Achievements
QuantmRE operates by originating and funding Home Equity Agreements, allowing homeowners to convert home equity into cash without incurring monthly payments or increasing debt. Unlike traditional loans, QuantmRE's agreements involve selling a share of the home's future appreciation.
- 2018: Partnered with Prime Trust for digital asset custody and compliance, marking its entry into blockchain-integrated real estate investments.
- 2019: Expanded its customer base by executing multiple agreements and started preparing for blockchain integration to facilitate trading of fractionalized real estate assets.
- 2021: Strengthened its market position by forming a strategic partnership with Algorand, a blockchain protocol known for its efficiency.
Current Operations and Market Position
QuantmRE's operations are centered around providing liquidity to homeowners while offering innovative investment opportunities for both retail and institutional investors. The company is developing a secondary trading platform to enable the buying, selling, and trading of fractionalized Home Equity Agreements. Leveraging blockchain technology, QuantmRE positions itself uniquely in the real estate market by bridging the gap between homeowners looking for liquidity and investors seeking real estate investments without direct ownership responsibilities.
Conclusion
QuantmRE's innovative approach to real estate finance highlights its significance in revolutionizing home equity liquidity and investment. By leveraging blockchain technology, it has set a new precedent for real estate transactions, making home equity more accessible and tradable. Moving forward, QuantmRE aims to expand its market presence and further develop its trading platform, potentially reshaping how residential real estate investments are conducted globally.