Single-family data startup Entera raises $32M

Goldman Sachs Asset Management leads funding round

National /
Jul.July 02, 2021 10:05 AM
Entera CEO Martin Kay (Entera, iStock)

Entera CEO Martin Kay (Entera, iStock)

A data startup that helps investors buy single-family homes got $32 million in backing led by Goldman Sachs.

Entera, founded by CEO Martin Kay, develops software that lets investors analyze property records to find homes that match their purchase criteria. Its clients include single-family-rental giant Invitation Homes. Entera’s software has helped buyers acquire about $1 billion worth of properties since it launched in 2018, Bloomberg News reported.

“We’ve had insatiable demand from our customers, who want to spend a whole bunch of money,” Kay told the publication. “We are trying to build everything we need to service existing customers and continue to grow.”

Goldman’s investment arm, Goldman Sachs Asset Management, led the funding round, which included Bullpen Capital, Craft Ventures and Valuestream Ventures, according to Bloomberg.

Until recently, institutional investors stayed away from single-family homes because they were difficult to acquire and costly to manage. But the foreclosure crisis during the Great Recession changed the equation, providing investors with cheaper options. The emergence of big data companies such as Entera is further advancing the single-family investing trend.

Goldman is backing Entera because its software allows investors to choose homes to buy and to complete transactions, said Paul Pate, a vice president in the growth equity business at Goldman Sachs Asset Management, in an email to the outlet.

“As a result, Entera is both a beneficiary and an enabler of the growing single-family rental asset class,” he said.

[Bloomberg News] — Akiko Matsuda





    Related Articles

    arrow_forward_ios
    Council member Keith Powers (Manhattan Community Board 5)
    Defeated by industry, criminal background check bill returns
    Defeated by industry, criminal background check bill returns
    Manhattan rents rise
    As July rents notch another record, brokers eye August dip
    As July rents notch another record, brokers eye August dip
    (Illustration by The Real Deal with Getty)
    Landlords backing off big rent hikes
    Landlords backing off big rent hikes
    (Illustration by The Real Deal with Getty Images)
    Hamptons rental where fire killed 2 skipped safety inspection
    Hamptons rental where fire killed 2 skipped safety inspection
    Related Companies' Stephen Ross andb Furnished Quarters' Gary Brown and Steven Brown (Related, Furnished Quarters, Getty)
    Related claims short-term rental provider owes it millions
    Related claims short-term rental provider owes it millions
    (Getty Images)
    Could a recession be rocket fuel for single-family rentals?
    Could a recession be rocket fuel for single-family rentals?
    (Getty)
    “Tsunami” of NYC evictions? More like a trickle
    “Tsunami” of NYC evictions? More like a trickle
    Apartments for rent while covid discounts expire (Illustration by The Real Deal with Getty Images)
    End of Covid rent discounts causes mass migration: StreetEasy
    End of Covid rent discounts causes mass migration: StreetEasy
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...