Silvernest Raises $1.3 Million to Enable Home Sharing for Boomers

Silvernest

Long-term home sharing is the next phase of the sharing economy, and Silvernest is at the forefront of this multi-billion dollar market

Silvernest, a unique online roommate-matching service for boomers and empty nesters, has raised a $1.3 million seed funding round. The oversubscribed round includes contributions from prominent venture capital and angel investors, such as Halogen Ventures, 1843 Capital, Rockies Venture Club, Investor’s Circle and 500 Startups.

The funds will be used to refine Silvernest’s growth engine, scale the business and drive revenue generation. Additionally, the capital will allow Silvernest to invest in product advancements that solidify its position as the emerging leader in long-term home sharing for the aging market.

“Long-term home sharing is the next phase of the sharing economy, and Silvernest is at the forefront of this multi-billion dollar market with a solution that has the potential to transform the housing industry for aging adults,” said Jesse Draper, founding partner of Halogen Ventures. “With its innovative approach to a far-reaching problem, along with a talented women-led executive team, Silvernest is set to capture the leadership position.”

Launched in late 2015, Silvernest’s online roommate-matching service pairs boomers, retirees, empty nesters and other aging adults with compatible long-term housemates, enabling them to earn an average of $10,000 a year, remain in their homes longer and keep isolation at bay. The service matches homeowners and housemates based on behavioral profiles and demographic preferences, and allows them to conduct full background checks, communicate securely in-platform, create state-specific leases and process rent payments.

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