Andreessen Horowitz Just Led A $43 Million Round Into Real Estate Financing Startup Setpoint After Seeing This 10slide Pitch Deck

• Setpoint, a real estate tech startup that provides real estate financing, raised $43 million.
• The Series A round was led by US investment giant Andreessen Horowitz.
• We got an exclusive preview of the 10-slide version of Setpoint.

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The startup, which helps real estate technology companies and financial institutions lend to consumers looking to buy and sell homes in the United States, raised $43 million in a round led by Andreessen Horowitz.

Setpoint, founded in 2021, has developed a SaaS platform that aims to improve access to warehouse loans by digitizing the process away from spreadsheets and paper documents to speed up the transaction process in the real estate market.

Setpoint's platform allows lenders to track assets and hold liens on property, perform document verification and, at the same time, enable automatic fund transfers from escrow accounts.

“A lot of time and investment has gone into fintech to innovate these consumer-facing transactions,” Setpoint CEO Stuart Wall told Insider. “In fact, the opposite is happening with capital markets workflows, which are largely manual and driven by emails, Excel files and FTP.

Setpoint provides access to financing for single family residences (SFR), condominiums and rental housing and works with real estate technology companies such as Flyhomes. The company's two co-founders, Michael Lam and Ben Rubenstein, previously founded Opcity, a leading real estate listing service acquired by realtor.com.

Setpoint's Series A funding round was led by Stonecroft's Andreessen Horowitz, 75andSunny, Fifth Wall, 645 Ventures, NextView Ventures, LiveOak Venture Partners, Vesta Ventures and ATX Venture Partners.

"Guardian investors are obviously more cautious, but in our experience, companies that have found a product that fits the market are funded," Wall added.

“I tell other founders to stay nimble and focus on solving customer problems. Once they clearly demonstrate the market fit of the product, they can find a financial partner. Going forward, we hope to find some amazing people who have made an impact either directly or indirectly through tech cuts.”

Setpoint has supported approximately 25,000 real estate transactions to date and expects to grow to 100,000 by 2023. The funding will go towards leasing and the development of its lending portal, which helps warehouse lenders explore a range loan categories. allow borrowers. and lenders finance assets in real time,” Wall said.

Check out Setpoint's 10-slide launch below.

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