Point closes on $115M to give homeowners a way to cash out on equity in their homes

Historically, homeowners could only tap into the equity of their homes by taking out a home equity loan or refinancing. But a new category of startups have emerged in recent years to give homeowners more options to cash in on their homes in exchange for a share of the future value of their homes.
One such startup, Palo Alto-based Point, announced today that it has raised $115 million in Series C funding after a year of rapid growth. The company declined to reveal its valuation.
Interestingly, the startup was founded by a trio that includes Alex Rampell, who is today a general partner at Andree

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