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 286 active competitors, including 19 funded and 24 that have exited. Its top competitors include companies like HomeFirst Finance, loanDepot and Rocket Mortgage.
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
8th among 286 active competitors
Employee Count
245 as on Mar 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 | 8224842 | Series B | 9492463 | 6811937 | 4013001 | 9187328 |
Feb 24, 2022 | 5766598 | Series B | 6692308 | 9040216 | 1258722 | |
Jan 29, 2021 | 8045943 | Series A | 1350617 | 5530247 | 5311935 | 1513110 |
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 245 employees as of Mar 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 HomeFirst Finance, loanDepot and Rocket Mortgage. 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 | HomeFirst Finance 2010, Mumbai (India), Public | Housing finance company focused on providing affordable home loans | $210M | 77/100 | |
2nd | loanDepot 2010, Lake Forest (United States), Public | Mortgage lender providing home loans, refinancing, and home equity solutions | $71.9M | 72/100 | |
3rd | Rocket Mortgage 1999, Detroit (United States), Public | Online platform for mortgage loans | - | - | 67/100 |
4th | Mr. Cooper 1994, Dallas (United States), Acquired | Provider of an app-based platform for residential mortgage loans | - | 66/100 | |
5th | Provider of home loans, self-construction loans, home improvement, and refinance | $80M | 64/100 | ||
6th | AmeriHome Mortgage 2013, Los Angeles (United States), Acquired | Online residential mortgage loan platform | - | - | 58/100 |
7th | NewRez 2008, Washington (United States), Funding Raised | Provider of an online lending platform for mortgage loans | - | 57/100 | |
8th | Tomo 2020, Seattle (United States), Series B | Offers an AI-powered platform providing residential home buying strategies and listing services | $131M | 43/100 | |
9th | Movement Mortgage 2008, Fort Mill (United States), Funding Raised | Online and mobile app based mortgage loans | - | - | 56/100 |
10th | Wonder Home Finance 2017, Jaipur (India), Late Stage | Provider of home loan financing solutions for individuals | $55M | 56/100 |
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Tomo's Investments and acquisitions
Tomo has made no investments or acquisitions yet.
Reports related to Tomo
Here is the latest report on Tomo's sector:
News related to Tomo
Media has covered Tomo for a total of 3 events in the last 1 year, 1 of them has been about company updates.
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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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