Fello, the first-agent-led iBuyer, has secured $25 million in a combination of debt and equity. This new funding will help Fello scale its mission of empowering all agents with an iBuying solution and providing home sellers with a seamless, trusted experience. The equity funding was led by Javelin Venture Partners with participation from Ben Rubenstein, founder of OpCity and former Realtor.com CRO.
"We believe people should be at the heart of real estate," said Ryan Young, Fello co-founder and CEO. Young comes from a family of agents and has run one of the country's highest-performing real estate teams for over a decade. "The future is a fully empowered agent with personalized options and local expertise."
With Fello's new platform, agents have the ability to provide every homeowner with an iBuying option while staying at the center of the relationship. The local agent stays in control of the sale, maintains the listing, and gets their full commission — every time.
