Foley Hoag LLP advised Own Up, a startup that uses data science and proprietary financial technology to improve the mortgage process for consumers, in an $8.5 million Series A funding round led by Link Ventures. Own Up currently operates in Massachusetts, Florida, Pennsylvania, Texas, Georgia, Connecticut, Colorado, Michigan, Maine, New Hampshire and Rhode Island. With the new capital, the company will expand its technical, marketing and customer success staff, and expand its footprint into 15 additional states by the end of 2020.
Founded in 2016, Own Up’s mission is to empower consumers to secure the most competitive rate for their mortgages. The company offers simple online tools, coupled with the guidance of a home advisor, to ensure individuals and families are treated fairly and to help them to achieve better financial outcomes.
Foley Hoag attorneys Prithvi Tanwar and Mark Cloutier advised Own Up in the transaction.