Splitero, a San Diego-based fintech providing a platform for homeowners in the Western U.S. to access accrued home equity, announced it had secured $11.7 million in Series A capital in January. Fiat Ventures led the round, with additional investment coming from Gemini Ventures, Joint Effects, PBJ Capital, Permit Ventures, Dream Ventures, Goodwater Capital, Spark Growth Ventures and Oyster Fund. The latest funding comes after a $5.8 million seed round last April.
The company also increased the number of states it operates in, expanding from California, Colorado and Washington with the additions of Oregon and Utah, and plans for further growth in 2023. The company said it has assisted homeowners with more than $1 billion in financing since its launch in 2021.
