Why Real Estate Startup Houwzer Picked Baltimore and Orlando for its Next Expansion

Center City-based real estate startup Houwzer, creators and operators of a tech-enabled brokerage service, announced that it has plans to expand to two new markets and has just raised a $9.5 million Series A round of financing.

The round was led by Princeton-based Edison Partners, and previous investors Admiral Capital Group and real estate investor Ira Lubert also participated, the company said. (More on how CEO Mike Maher got that seven-figure “yes” from Lubert here). Additional new investors include Ben Franklin Technology Partners’ GO Philly Fund and Chestnut Street Ventures.

Houwzer will use the Series A to immediately expand to the Baltimore area as well as expand to Orlando over the next year. It will also grow its existing presence and teams in the Philly and Washington, D.C. regions.

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