|Description||Marketplace for Community Builders|
|Seed, 1/2009 ||$15k|
|Seed, 5/2010 ||$100k|
|Angel, 11/2011 ||$261k|
|Angel, 3/2013 ||$245k|
New Avenue provides online tools and resources that are revolutionizing the home improvement industry. The company empowers homeowners with information and processes so they can better manage architects and contractors.
New Avenue’s service delivery platform integrates all architecture, financial and construction services into one structured process. This service integration process allows anyone to save pictures, links, and ideas and then bridges the online and offline space by providing contracts, payment processing and quality control. This process flips the $200 billion per year design/build industry on its head by giving consumers knowledge and control they have never had before.
New Avenue focuses on the market of 1,000,000+ homeowners per year who are transforming their single family home for multigenerational living by adding an accessory dwelling. Most customers are baby boomers who typically build an in-law unit, remodel existing space or simply modify a home with Universal Design features and products for aging-in-place.