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
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
Investors
Ranked
12th among 186 active competitors
Employee Count
268 as on May 31, 2026
Legal entities associated with Tomo
Tomo is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TOMO MORTGAGE, LLC CIN: 6794200 , United States, Active | Apr 07, 2023 | - | - | - |
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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:
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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 |
View details of Tomo's funding rounds and investors
Tomo's founders and board of directors
Founder? Claim ProfileThe 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:
- Greg Schwartz: Co-Founder & CEO of Tomo and founder of 2 other companies, Tomo and Tomo. They are also an angel investor in 4 startups.Contact Info: 1 email address
- Carey Schwaber Armstrong: Co-Founder of Tomo.
View details of Tomo's Founder profiles and Board Members
Tomo's employee count trend
Tomo has 268 employees as of May 26. Here is Tomo's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | loanDepot 2010, Lake Forest (United States), Public | Mortgage lender providing home loans, refinancing, and home equity solutions | $71.9M | 72/100 | |
2nd | Rocket Mortgage 1999, Detroit (United States), Public | Online platform for mortgage loans | - | - | 68/100 |
3rd | NewRez 2008, Washington (United States), Funding Raised | Provider of an online lending platform for mortgage loans | - | 60/100 | |
4th | Mr. Cooper 1994, Dallas (United States), Acquired | Provider of an app-based platform for residential mortgage loans | - | 60/100 | |
5th | Movement Mortgage 2008, Fort Mill (United States), Funding Raised | Online and mobile app based mortgage loans | - | - | 56/100 |
6th | Roam 2023, New York City (United States), Series A | Lending platform offering residential mortgage financing | $15.8M | 52/100 | |
7th | Lenda 2012, San Francisco (United States), Acquired | An alternate lending platform for refinancing mortgages. | $11.5M | 50/100 | |
8th | A&D Mortgage 2005, Hollywood (United States), Unfunded | Online platform for mortgage loans | - | - | 45/100 |
9th | Eave 2015, Walnut Creek (United States), Acquired | Direct lender for mortgage loans | $11.5M | 44/100 | |
10th | Total Mortgage 1997, Milford (United States), Unfunded | Nationwide mortgage lender providing financing solutions for home purchase and refinance | - | - | 44/100 |
12th | 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
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Tomo Mortgage Secures $20 Million in Series B FundingHousingWire•Mar 11, 2025•Tomo, Ribbit Capital, DST Global, NFX and 3 others
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