Entera Announces $32M Series A Fundraise Led by Goldman Sachs Asset Management
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
NEW YORK & HOUSTON – Entera, the leading platform for single-family real estate investors, announced today 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.
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.
“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.
“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.”
Entera is a leading real estate technology company operating a full service SaaS platform coupled with a team of local real estate experts and a network of services providers for single family investors to make intelligent decisions, scale their operations, and maximize returns with 100% control. Many of the largest real estate investors in the world use Entera daily to find, buy and operate single family homes across 24 markets. The company is headquartered in New York City, New York and Houston, Texas. For more information visit us at www.entera.ai
About Goldman Sachs Asset Management Growth Equity
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Since 2003 the Growth Equity business within Goldman Sachs Asset Management comprising more than 75 individuals has invested over $13 billion in companies led by visionary founders and CEOs. We focus exclusively on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare. Follow us on LinkedIn.
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