HouseCanary Raises Another Round, and I Still Don’t Get It

HouseCanary raised a series B. $31 million. (via TechCrunch & Inman).

From TechCrunch:

HouseCanary’s business revolves around selling software to appraisers and real estate investment firms.

I’ve never understood their strategy, or differentiator for that matter. I have to admit — I still don’t understand the need for so much funding. A true b2b enterprise sales model should not need $60 million plus in funding. Maybe I’m missing something.

If anyone can shed some light, by all means, please do.

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