In Silicon Valley, the typical seed round for a new venture is around $1 million — maybe $3 million. But a new digital mortgage company, started by two former Zillow execs, has just launched with $40 million. Tomo, which bills itself as a fintech startup, announced the eye-watering seed round Wednesday. Trulia co-founder Pete Flint and former Zillow CEO Spencer Rascoff are among the investors. Based in Stamford, Conn., with offices in Seattle and Austin,
source https://therealdeal.com/2020/10/28/ex-zillow-execs-launch-digital-mortgage-startup-with-40m-seed-round/
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