Unlock Raises $30 Million in Series B to Expand Home Equity Agreement Platform

Unlock, a home equity agreement platform based in New York City, has secured $30 million in Series B funding led by D2 Asset Management. Additional investors include Second Century Ventures, Saluda Grade, and NAR REACH. This round brings Unlock's total funding to $430 million over four rounds since its founding in 2020 by Dan Foster, James Riccitelli, and Ryan Craft.

The company offers an alternative financial solution for homeowners, allowing them to access their built-up home equity without taking on traditional loans. Unlock’s home equity agreements provide a flexible option for homeowners to convert property equity into cash for various financial needs, without the burden of monthly payments or added debt.

With the Series B funding, Unlock plans to expand its platform and reach more homeowners across the U.S., offering a solution that aligns with the growing demand for flexible home financing options. Saluda Grade and D2 Asset Management are among the company’s most recent backers, as it continues to gain traction in the financial and real estate sectors.