Ownwell, an AI-powered startup that appeals property taxes on behalf of homeowners, has secured $50 million in financing, including $30 million in equity and $20 million in debt, the company tells Crunchbase News exclusively. With the latest Series B raise, Austin-based Ownwell says it has now raised $54 million in total equity funding since its 2020 inception. Alpha Edison and Mercato Partners co-led its latest round, which included participation from Intuit Ventures, Left Lane Capital, First Round Capital, Long Journey Ventures, Proof Fund and Wonder Ventures. Western Alliance Bank provided the $20 million in debt financing. 'I saw firsthand how billionaires manage their 28 homes and their apartment complexes and their retail across the country, and how everything is perfectly optimized,' he told Crunchbase News in an interview. 'And so we built software for the purpose of providing tools for everyone, regardless of the value of their asset.' Ownwell launched for customers in...
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