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Tomo - About the company

Tomo is a series B company based in Seattle (United States), founded in 2020 by Greg Schwartz and Carey Schwaber Armstrong. It operates as an Offers an AI-powered platform providing residential home buying strategies and listing services. Tomo has raised $131M in funding from investors like Ribbit Capital, NFX and SVB, with a current valuation of $*****. The company has 186 active competitors, including 8 funded and 14 that have exited. Its top competitors include companies like loanDepot, Rocket Mortgage and NewRez.

Company Details

Offers an AI-powered platform providing residential home buying strategies and listing services. The company offers a home search portal, providing home buyer strategies. The company provides financial services related to intellectual property and intangible assets.
Website
tomo.com
Social
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Key Metrics
Founded Year
2020
Location
Seattle, United States
Stage
Series B
Total Funding
$131M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Feb 24, 2022
Ranked
Employee Count
268 as on May 31, 2026
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Tomo's funding and investors

Tomo has raised a total funding of $131M over 4 rounds. Its first funding round was on Aug 24, 2020. Its latest funding round was a Series B round on Jan 24, 2025 for $*****. 4 investors participated in its latest round. Tomo has 9 institutional investors.

Here is the list of recent funding rounds of Tomo:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jan 24, 2025
3936348
Series B
7601647
1637283
1939904
1317820
Feb 24, 2022
5214071
Series B
6698694
3265640
9436516
Jan 29, 2021
2939352
Series A
3441040
9739574
1474435
6033990
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Tomo's founders and board of directors

Founder? Claim Profile
The founders of Tomo are Greg Schwartz and Carey Schwaber Armstrong. Greg Schwartz is the CEO of Tomo.
Here are the details of Tomo's key team members:

Tomo's employee count trend

Tomo has 268 employees as of May 26. Here is Tomo's employee count trend over the years:
Employee count trend for Tomo
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Tomo's Competitors and alternates

Top competitors of Tomo include loanDepot, Rocket Mortgage and NewRez. Here is the list of Top 10 competitors of Tomo, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for loanDepot
loanDepot
2010, Lake Forest (United States), Public
Mortgage lender providing home loans, refinancing, and home equity solutions
$71.9M
72/100
2nd
Logo for Rocket Mortgage
Rocket Mortgage
1999, Detroit (United States), Public
Online platform for mortgage loans
-
-
68/100
3rd
Logo for NewRez
NewRez
2008, Washington (United States), Funding Raised
Provider of an online lending platform for mortgage loans
-
60/100
4th
Logo for Mr. Cooper
Mr. Cooper
1994, Dallas (United States), Acquired
Provider of an app-based platform for residential mortgage loans
-
60/100
5th
Logo for Movement Mortgage
Movement Mortgage
2008, Fort Mill (United States), Funding Raised
Online and mobile app based mortgage loans
-
-
56/100
6th
Logo for Roam
Roam
2023, New York City (United States), Series A
Lending platform offering residential mortgage financing
$15.8M
52/100
7th
Logo for Lenda
Lenda
2012, San Francisco (United States), Acquired
An alternate lending platform for refinancing mortgages.
$11.5M
50/100
8th
Logo for A&D Mortgage
A&D Mortgage
2005, Hollywood (United States), Unfunded
Online platform for mortgage loans
-
-
45/100
9th
Logo for Eave
Eave
2015, Walnut Creek (United States), Acquired
Direct lender for mortgage loans
$11.5M
44/100
10th
Logo for Total Mortgage
Total Mortgage
1997, Milford (United States), Unfunded
Nationwide mortgage lender providing financing solutions for home purchase and refinance
-
-
44/100
12th
Logo for Tomo
Tomo
2020, Seattle (United States), Series B
Offers an AI-powered platform providing residential home buying strategies and listing services
$131M
43/100
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Tomo's Investments and acquisitions

Tomo has made no investments or acquisitions yet.

News related to Tomo

Fintech company to relocate Stamford HQ to New York CityHartford Business JournalMar 11, 2025Tomo
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FAQs about Tomo

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