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Tag Archives: housecanary

Tag Archives: housecanary

HouseCanary Raises Another Round, and I Still Don’t Get It

by Drew Meyers on 10:30 am September 25, 2017

HouseCanary raised a series B. $31 million. (via TechCrunch & Inman). From TechCrunch: HouseCanary’s business revolves around selling software to appraisers and real estate investment firms. I’ve never understood their strategy, or differentiator for that matter. I have to admit — I still don’t understand the need for so much funding. A true b2b enterprise sales model should not need $60 million plus in funding. Maybe I’m missing something. If anyone can shed some light, by all means, please do.

More on HouseCanary

by Drew Meyers on 9:45 am March 24, 2017

I’m on record as being a skeptic on HouseCanary. I thought I’d share a video of a presentation by their CEO, Jeremy Sicklick (via VendorAlley): After watching the video — I’m still a skeptic. It seems home price indexes at the block level is their differentiator. My question — who cares about block level analysis? Some investors, sure — but consumers? I don’t think so. Hasn’t Zillow already done everything HouseCanary is doing? [via VendorAlley]

HouseCanary – A Big Attempt in the AVM (Data) Space

by Drew Meyers on 12:00 pm January 14, 2017

I saw this morning that HouseCanary raised a $33 million Series A. There have been a number of AVM attempts over the past decade. When I look at HouseCanary’s home page, they are much more CoreLogic, Onboard Informatics, or Home Junction than they are Zillow. Which surprised me. Why raise $33 million for a B2B data sales business model? I don’t get it. I’m assuming there must be a much grander vision pitched to investors than is indicated on their website.

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