Washington, D.C.-based home remodeling marketplace remodelmate announced that it has raised a $525,000 seed round led by CoVenture with participation from MIT Alumni Angels of Washington, D.C., Dorm Room Fund and TEDCO.
The company said it will use this funding to scale marketing and launch new product features.
“We see remodelmate as an industry-defining company,” Thatcher Bell, partner at CoVenture, said in a statement. “Our firm only invests in teams who are highly knowledgeable and passionate about what they’re building – and the remodelmate team is no exception. We’re excited to continue helping them grow as a company and ultimately shape the future of home remodeling.”
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