Kleiner Perkins Backs Working Equity Inc.

Working Equity Inc., a San Francisco-based provider of a financial services product that helps homeowners to lock in the equity value of their home, has raised $5 million in VC funding from Kleiner Perkins Caufield & Byers. ClearCreek Partners represented Working Equity on the deal.

PRESS RELEASE

ClearCreek Partners is pleased to announce the closing of a $5 million equity financing from Kleiner Perkins Caufield & Byers to support the growth of Working Equity, Inc.

Headquartered in San Francisco, Working Equity offers Equity Protection: a financial services product that empowers homeowners to lock in the equity value of their home. The Company allows new homebuyers to remove downside risk while retaining the potential for their home value to appreciate, and enables existing homeowners to protect their home’s current value and equity. Working Equity was recently featured in the New York Times. www.EquityProtection.com.

Kleiner Perkins Caufield & Byers is committed to helping entrepreneurs build enduring market-changing institutions, defining new business sectors or expanding existing ones. Since 1972, KPCB partners have supported hundreds of entrepreneurs in building over 475 companies, including such household names as Amazon, Sun, Genentech, Intuit, Verisign and Google. For more information visit www.kpcb.com.

ClearCreek Partners served as the exclusive financial advisor to Working Equity in this transaction.

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