Nomad Homes Secures $4 million in Seed Funding

July 8, 2020
Share this Post: 

The Dubai based startup Nomad Homes has reportedly secured seed round funding of $4 million from the venture division of global media giant Comcast among others. Founded last year by ex-Goldman Sachs investor Helen Chen, Dan Piehler, and early Uber employee Damien Drap, it seems that both the business model as well as the background of Nomad Homes’ leadership is what has attracted investors from Silicon Valley to participate in the round. Comcast Managing Director Damian Gulati commenting on his company’s new investment said:

“Helen and the team bring a unique blend of Silicon Valley DNA, real estate insights and on-the-ground operating experience. We are excited to support Nomad’s quest to deliver a superior experience for all market participants with a technology-first approach.”

Nomad Homes caters to the high-end rental market, and is seeking to digitize the currently fractured and offline Emirati home hunting process. With some commentators predicting more investment from Silicon Valley in property companies, it seems that the valley’s interest was piqued with Kleiner Perkins’ investment in Spotahome in 2018 and now Comcast has followed suit by investing in a company which similarly seeks to fully digitize the rental process for a target market consisting largely of foreign workers and students.

July 8, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Board Room
Zoopla Creates Agent Advisory Board to Give Customers a Say on Lettings Policy

British #2 portal Zoopla has launched a Lettings Advisory Board made up mostly of its agent customers as it looks...

Read More
Spanish Proptech Firms
Housfy Gets Funding and Casavo Expands as Spanish PropTech Market Heats Up

The Spanish PropTech market is heating up with two prominent companies in the market announcing positive news this week. Online...

Read More
Leboncoin Op 1
LeBonCoin Launches New Offering to Help Agents Win Sales Instructions

The French classifieds market leader LeBonCoin has today announced the launch of a new package for real estate agents. The...

Read More
Domain Data
Domain Acquires Data Services Provider Insight Data Solutions

Australian portal company Domain has today announced that it has agreed to acquire data services provider Insight Data Solutions (IDS)....

Read More

Popular News