Ownwell closes $5.75M seed funding round

Ownwell, an Austin, TX-based provider of an online solution to help commercial and residential property owners save money on property taxes, raised $5.75M in Seed funding.

First Round Capital was the lead of this round and included participation from Wonder Ventures. Long Journey Ventures, Long Journey Ventures, Scott Banister, and Founder Collective.

The company plans to use the funds for hiring more people in sales, marketing, technology and operations, as well as to expand its business reach.

Ownwell is led by CEO Colton Pace and specializes in property tax reduction for property owners. Each year, the company’s tech system analyzes millions of properties to identify property owners who are overpaying and offers to protest their tax assessments on their behalf for just 25% of any savings they are able to achieve.

Over the past nine months, Ownwell’s customer base has grown by 40x, with operations currently in Texas, California, Washington and Florida with further plans to expand.

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