Homz, a Dallas, TX-based housing company, raised $50M in Pre-Seed funding.
The round was led by Nanban Ventures, with participation from family offices, high-net-worth individuals and ultra-high-net-worth individuals.
Led by CEO Homz is dedicated to building a portfolio of sustainable, wellness-focused communities centered around branded attainable housing in key markets across the U.S. The company looks to develop communities that bring housing options to residents at more attainable prices, helping to preserve or increase socioeconomic diversity while providing public access to vibrant, amenitized urban environments.
The company intends to use the funds to advance its efforts to form partnerships with cities across the Southeast and fund the development of its communities in markets throughout the Southeast.
Homz, which is seeking to develop 50 communities, targets tier-2 markets that are located within a roughly 20-to-30-minute drive from major high-growth Metropolitan Statistical Areas (MSAs). The company is actively looking to engage with city officials from municipalities that fit this criteria and are interested in providing incentives that make it possible to develop these communities.