Better Mortgage Raises $15mn

Real estate marketplace lender Better Mortgage has raised $15 million in a new funding round bringing its total valuation to $220 million; the funding was provided by Kleiner Perkins Caufield & Byers, Goldman Sachs Group Inc. and Pine Brook Partners; the firm seeks to offer fast approvals for home loans and uses advanced algorithms to match borrower attributes with lending criteria from 20 large home loan buyers; launched in January 2016, the firm has funded over $500 million in home loans and is targeting $1.5 billion in originations for 2017.  Source