• Email Facebook Twitter LinkedIn Ownwell, an AI-powered startup that appeals property taxes on behalf of homeowners, has secured $50 million in financing, including $30 million in equity and $20 million in debt, the company tells Crunchbase News exclusively. • With the latest Series B raise, Austin-based Ownwell says it has now raised $54 million in total equity funding since its 2020 inception.Alpha EdisonandMercato Partnersco-led its latest round, which included participation fromIntuit Ventures,Left Lane Capital,First Round Capital,Long Journey Ventures,Proof FundandWonder Ventures.Western Alliance Bankprovided the $20 million in debt financing. • CEOColton Pacesaid he and CTOJoseph Noorstarted Ownwell to “democratize access to the tools and resources real estate experts use to build wealth and financial freedom.” As a former asset manager, Pace said he worked for some of the wealthiest families and individuals in the world on the investment management side. • “I saw firsthand how billionaires manage their 28 homes and their apartment complexes and their retail across the country, and how everything is perfectly optimized,” he told Crunchbase News in an interview. • “And so we built software for the purpose of providing tools for everyone, regardless of the value of their asset.” Ownwell launched for customers in 2021, initially handling the property-tax appeal process. • Pace said its tech automates “complex steps and analyzes millions of local records” to surface the strongest case to present to local municipalities to argue for a lower home assessment and, in turn, a lower property tax bill.

Article Summaries:

  • Ownwell, an Austin‑based AI startup that helps homeowners appeal property taxes, has closed a Series B round that raised $50 million-$30 million in equity and $20 million in debt-bringing its total equity funding to $54 million since its 2020 launch. The round was co‑led by Alpha Edison and Mercato Partners, with participation from Intuit Ventures, First Round Capital, and others, while Western Alliance Bank supplied the debt. Ownwell, which has processed over 1 million appeals and saved customers more than $400 million, plans to use the new capital to expand into additional states and deepen service in existing markets.

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