Atmos, a startup that has created an online marketplace that connects consumers with builders and land developers to design and build custom houses, has come out of stealth today with a $12.5 million Series A fundraising round led by Khosla Ventures.
Atmos, a San Francisco-based startup founded in 2018, claims that their technology allows purchasers to select land, build a home within their budget, and approve the design using 3D technology. The company then matches buyers with a “vetted building partner.”
The business seeks to provide consumers more options as the country continues to experience a housing crisis and mortgage interest rates have more than doubled since last year.
Atmos promises to be able to assist builders by providing them with ready-to-go buyers rather than developing on spec (without committed consumers) in an uncertain market. It also claims to be able to assist land developers by allowing them to sell direct to consumers.
Existing investors Bedrock, JLL Spark, YC, and OpenAI CEO Sam Altman joined new investors real estate brokerage Keller Williams, Duke Angel Network, Bain Capital co-chairman Stephen Pagliuca, and Figma CEO and co-founder Dylan Field in the round. In March 2020, the company raised over $2 million. That same year, it was a part of Y Combinator’s summer batch and received an additional $4 million headed by Khosla.
