CHER® Company
Created with the new generation of homebuyers in mind - Cher is the first of its kind. Unaffordable housing is an epidemic, bringing people together through co-living in hopes of maintaining some quality of life. Cher seeks to transcend the rising rental prices and make home ownership a possibility for everyone. They do this through their online platform, which serves as a resource for prospective homeowners and as a network for those who seek to find a co-owner (an option that many people don't think about). Their platform makes it possible for those who already have a co-owner in mind to proceed with the home buying process online and risk-free. For those who are interested in co-ownership, but do not already have other people in mind, we provide a qualified network of other prospective home buyers that they may match with. Our algorithm allows users to find a co-borrower based on a mutual financial and like-minded understanding. The best part is, when users want to opt out of co-owning, we provide them with a range of opt out solutions to cash out on their equity - making co-owning the financially intelligent and better solution to renting. At the end of the day, Cher's number one goal is to make home-ownership accessible through co-ownership.
Industry:
Social Impact
Headquarters:
Santa Monica, California, United States
Founded Date:
17.12.2018
Employees Number:
1-10
Funding Status:
Seed
Investors Number:
3
Total Funding:
680000
Estimated Revenue:
$1M to $10M
Last Funding Date:
01.09.2020
Last Funding Type:
Pre-Seed
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