San Francisco-based ZeroDown, a real estate startup, has secured $30 million in funding. The investors included Goodwater Capital and Sam Altman.
SAN FRANCISCO, CA – June 11, 2019 – Today, ZeroDown officially launched its platform that allows customers to buy a home in the Bay Area with no down payment. The announcement comes alongside its $30M in funding to date from investors including Sam Altman and Goodwater Capital. Those looking to buy a home will be able to put zero down upfront, make all-cash offers with no contingencies, and get the keys to their new home in less than seven days. This new platform specifically addresses the San Francisco housing market which is typically flooded with all cash offers and above listing prices. ZeroDown makes homeownership more accessible in an area marked by the affordability crisis.
“Ask anyone in the Bay Area and they aren’t sure they can afford to buy a home,” said Abhijeet Dwivedi, CEO and Co-Founder of ZeroDown. “Now we’re giving buyers the power and flexibility they need to purchase the home of their dreams. We are the first real estate company to directly address the San Francisco housing market and are excited to see the impact we can make.”
With skyrocketing prices affecting the Bay Area and buyer confidence at an all-time low, ZeroDown is putting homeownership in reach of those living in the hottest real estate market. To get started, buyers qualify with an easy online approval process, then choose a home which ZeroDown pays for. Customers can move in within seven days and have five years to build up credit toward their down payment. To alleviate the stress of homeownership, ZeroDown offers a 24/7 concierge service to connect customers with resources for everything from cleaning to maintenance and repairs.
In addition to being a true partner for consumers navigating the homebuying process, often for the first time, the company aims to create a lasting relationship with its customers as they protect and grow this asset as long as they own it. To do so, ZeroDown is partnering with a number of brokers and agents in order to provide its customers with the highest level of quality real estate services.
”We feel very passionate about making homeownership more attainable for more people and about giving our customers true white glove service,” said Gretchen Pearson, brokerage president and CEO at Berkshire Hathaway Home Services Drysdale Properties. “ZeroDown couldn’t be more aligned with this approach, and we look forward to our ongoing partnership.”
“There has been so much innovation in real estate tech in the Valley, but no one is tackling the toughest housing markets,” said Eric Kim, Co-Founder and Managing Partner at Goodwater Capital and lead investor in ZeroDown. “Goodwater is invested not only in ZeroDown’s experienced team, but their product that hugely benefits consumers who face a housing market often out of reach. ZeroDown is redefining the home buying experience for Bay Area residents and beyond.”
To see if they qualify, potential homebuyers can visit www.ZeroDown.com today.
ZeroDown is transforming the real estate market, starting in the Bay Area. With an easy online approval, customers choose a home, move in within seven days and have five years to build up credit toward their down payment. Founded in 2018 by the Co-Founders of Zenefits, ZeroDown is backed by Sam Altman and Goodwater Capital. The company’s headquarters are in San Francisco. For more information, visit www.zerodown.com