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Aalto
Real estate marketplace
- 21-100 employees
- B2C
- Property
- Marketplace
- Real Estate
- Presidio of San Francisco, San Francisco, CA
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Company mission
To build a place where buyers and sellers come together to accomplish their homeownership goals.
23% employee growth in 12 months
Our take
Aalto has built out a homeowner marketplace to address the taxing nature of selling a house. The online marketplace connects homeowners to buyers in a way that helps both parties save time, stress and money.
Having a home listed on the Multiple Listing Service (MLS) can usually take up to five weeks, but Aalto claims that a potential seller can list their home on its private platform in five minutes. Among the many pulls is the economic benefits that comes from cutting out the middleman - the agent. Aalto charges a 1% fee, compared to the standard agent fee of 2-2.5%, enabling sellers to make an average of $44,000 more on their home sale.
The start-up has received financial backing from investors like Sequoia, which will see expansion beyond the Bay Area into other major markets in California, and eventually across the U.S. The growth of Aalto will result in more houses on the market, which should help tackle the affordability crisis and ultimately lead to higher returns for sellers.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- 100% paid health insurance for you and your family, including PPO, HMO, Kaiser, Dental, Vision
- Paid vacation and holidays: Most employees take 3 weeks. Plus they have an additional 10+ off for national holidays
- Paid family leave: They offer 3 months paid time off for maternity leave and 1 month for paternity leave
- Happy homes: Waived/refunded commission when purchasing a primary residence through Aalto
- Robust savings and insurance plans: 401(k) retirement plan, flexible spending accounts, prepaid legal assistance, short-term and long-term disability insurance, and life insurance
- Frequent employee events: From virtual pie making classes, to in person happy hours
Company values
- Listen: They listen to each other and their customers.
- Community: They do this as a team, where everyone has eyes on the prize.
- Direct: They set a clear, measurable target that they can all go after.
Funding (1 round)
Aug 2021
$13m
SERIES A
Total funding: $13m
This company has top investors
Leadership
Nick Narodny
(CEO)Previously co-founded Grovo. Experience in Sales and Marketing for Clickable and in Aerospace Mergers and Acquisitions for Jefferies.