Point — an 11-month-old, Palo Alto-based home equity marketplace that plans to take people’s homes and make them completely liquid, divisible and tradable by letting owners sell fractional equity in them — is raising funding, shows a new SEC filing.
It’s a fascinating concept that we think has only been tried in the past with vacation rentals by high-end developers, including Four Seasons and Ritz-Carlton.
Point was co-founded by Eddie Lim, who co-founded the e-commerce payment platform TrialPay, which Visa acquired in 2013 for undisclosed terms.
Don’t be surprised to see Andreessen Horowitz lead or participate in this round. In August, the Sand Hill Road firm brought aboard another TrialPay co-founder (and Lim’s fellow Harvard classmate), Alex Rampell, as a general partner to focus on financial tech startups.