Tomo
Facts
- HQ
- Seattle, Washington, USA
- Sectors
- Fintech, Mortgage, Artificial Intelligence
- Stage
- Seed
Mainstay acquires Truelist in $18M round; ex-Zillow VP Carey Armstrong named chief strategy officer
Seattle startup Truelist, founded by ex-Zillow VP Carey Armstrong in 2024, was acquired by San Francisco real estate tech firm Mainstay as part of an $18 million growth funding round to expand AI listing and transaction tools across the residential market. Armstrong will join Mainstay as chief strategy officer as the company broadens from serving institutional investors to brokerages, agents and smaller property owners.
Seattle Startup Friday Harbor Raises $6M to Help Smaller Mortgage Lenders Compete Using AI
Seattle startup Friday Harbor raised $6 million in seed funding to provide AI-driven software that helps smaller mortgage lenders identify loan file issues earlier and compete with industry giants like Rocket and United Wholesale Mortgage. Its product, launched in October, is used by 16 enterprise customers to reduce loan processing time and cost by detecting risks such as undisclosed debts and employment discrepancies.
GeekWire returns in person for 2022 Awards at Showbox SoDo, honoring 60+ finalists across 15 categories with 16,000+ votes
GeekWire held its first in-person GeekWire Awards in three years at Showbox SoDo in Seattle, honoring 60+ finalists across 15 categories with over 16,000 community votes and appearances by local tech leaders and entertainers.
Tomo, Founded by Ex-Zillow Execs, Raises $40M Series A at $640M Valuation to Speed Mortgage Approvals
Tomo, a fintech startup founded by former Zillow executives Carey Armstrong and Greg Schwartz, raised $40 million at a $640 million valuation to accelerate mortgage approvals with its digital platform. The company now covers nearly a third of the U.S. market and focuses solely on purchase mortgages to help buyers compete in a hot real estate market.
Cloudentity Names Jason Needham as CEO After $13M Series A; Leafly Appoints Suresh Krishnaswamy as CFO; Chris Suh Joins Cardlytics Board; Three Named HHMI Investigators
Seattle startup Cloudentity named Jason Needham, ex-CloudCoreo and VMware multi-cloud security lead, as CEO and board member after a $13M Series A; Leafly hired Suresh Krishnaswamy as CFO as it prepares for a SPAC, and Microsoft CVP Chris Suh joined Cardlytics' board. Trevor Bedford, Frederick Matsen IV and David Veesler were named 2021 HHMI Investigators, each receiving roughly $9M over seven years.
Tomo, led by ex‑Zillow chiefs Greg Schwartz and Carey Armstrong, raises $70M seed to digitize mortgages
Tomo, a fintech real estate startup founded by former Zillow executives Greg Schwartz and Carey Armstrong, launched in Seattle, Dallas and Houston with a $70 million seed round to digitize and speed up mortgage approvals online.
Former Zillow Leaders Greg Schwartz and Carey Armstrong Raise $40M Seed for Tomo Networks to Build Tech-Driven Mortgage Platform
Former Zillow leaders Greg Schwartz and Carey Armstrong launched Tomo Networks, a fintech startup building a tech-driven mortgage and transaction platform, and raised a $40 million seed round led by prominent real estate investors. The company, founded a few months ago, is targeting agents and consumers while keeping specific business model details private.
