iBuyer startup Perch lands $220 million capital investment

Perch, an online platform for home buying and selling, announced this week that it raised $220 million in funding to fuel its plans for continued expansion. The funding round includes $200 million in debt that was led by FirstMark Capital with help from Accomplice and Juxtapose, plus $20 million in equity. The company which launched early last year in San Antonio and has since expanded to Dallas-Fort Worth is part of a rising category of companies called iBuyers, which seek to simplify the home buying and selling process by creating a completely digital transaction that puts consumers in control.