- Real estate SaaS platform modernizes the way professional investors find, buy and operate single-family residential investments at a time when institutional interest is at an all-time high
Entera, the leading platform for single-family real estate investors, announced that it raised $32 million in Series A funding led by Goldman Sachs Asset Management with participation from existing investors including Bullpen Capital, Craft Ventures and Valuestream Ventures.
“Investing in single family residential has historically been complex and difficult to scale, resulting in unreliable returns compared to other types of real estate asset classes”
The funding will support Entera’s rapid growth as the premier full service SaaS + Services platform for professional single family home investors. Entera is the trusted partner to many of the largest single family rental, new construction & fix + flip investors in the world. Nearly $1 billion of homes have been transacted on Entera’s platform across 24 markets since its launch in 2018. The fundraise reflects Entera’s strong momentum, with transaction volume growing 5x year-over-year.
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“Investing in single family residential has historically been complex and difficult to scale, resulting in unreliable returns compared to other types of real estate asset classes,” says Martin Kay, CEO and co-founder of Entera. “Our mission is to change this dynamic. With our AI-driven ideation, decisioning and transaction technology, coupled with our team of local real estate professionals, we empower investors to understand consumer demand, seize buying opportunities and deliver predictable returns. We think we have cracked the code on how to intelligently find, buy and operate single family homes using a centralized full-service platform.”
With Entera, existing owners can intelligently scale their acquisitions and operational footprint while maximizing returns. For new investors entering the single family space, Entera enables an “asset-light” direct investment approach that uses real-time data to select markets, simulate scenarios, deploy capital and quickly develop their operations with full visibility – minimizing high upfront costs and risk.
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“Single family residential is one of the last frontiers for institutionalization,” said Paul Pate, a Vice President in the Growth Equity business within Goldman Sachs Asset Management. “Entera is building the infrastructure to significantly reduce barriers to entry for new real estate investors and improve the operations of the most experienced owners. They are a true game-changer for groups looking to enter the space or accelerate their market share.
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