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Schlage and NterNow Showcase Scalable Software Solutions for Home Builders at the 2026 International Builders' Show
Prnewswire· 2026-02-17 14:30
Core Insights - Schlage and NterNow are showcasing scalable software solutions for home builders at the 2026 International Builders' Show, emphasizing modernized self-guided tour solutions for prospective buyers [1] - NterNow's integration into Schlage's portfolio enhances the value offered to home builders, providing a seamless experience during the prospecting and selling phases [1] Company Developments - NterNow has joined Schlage as part of Allegion, marking a significant collaboration aimed at improving customer experiences for home builders [1] - The partnership allows Schlage to expand its offerings with secure, on-demand access solutions, enhancing the home buying experience [1] Product Features - NterNow's self-tour solution enables prospective buyers to tour properties independently, maximizing visibility for builders without staffing constraints [1] - Key benefits for builders include operational efficiency, instant access to leads, and the ability to conduct self-guided tours seven days a week [1] Market Position - Schlage is recognized as America's Most Trusted Lock Brand, which bolsters its reputation in the home security and access solutions market [1] - The collaboration with NterNow positions Schlage to better serve single-family builders and integrate proptech-focused access technology with smart home security solutions [1]
This Thrive-backed startup says it aspires to be the “Amazon of homes”
Yahoo Finance· 2025-12-15 11:55
Core Insights - Homebound is a tech-enabled homebuilding platform that allows customers to buy homes online, addressing inefficiencies in the homebuilding industry [1][2] - The company was founded in response to the challenges faced during the 2017 Tubbs Fire, highlighting the need for technological support in homebuilding [2] Company Overview - Homebound enables users to select and customize homes online, providing real-time pricing updates and a digital twin for tracking progress [2][3] - The platform aims to streamline the supply chain by generating precise bills of materials, reducing waste and inaccuracies in construction [3] Financial Performance - Homebound raised $75 million in its Series C funding round in 2022 and has since raised a total of $400 million, including $100 million for its operating company and $300 million in real estate capital [3] - Major investors include Goldman Sachs, Magnetar, Thrive Capital, Khosla Ventures, GV, Fifth Wall, Atomic, and Forerunner, with new investors like Neuberger Berman and Bridgepoint joining [3] Industry Context - The homebuilding industry is described as "totally broken" and lacking technological integration compared to other sectors [2] - Homebound's CEO emphasizes the importance of understanding industry risks and maintaining a viable business model during challenging economic conditions [4]