On November 11, 2020, Better.com, one of the fastest-growing homeownership platforms in the country, announced a $200 million Series D round of funding. L Catterton served as lead investor, joining existing shareholders Activant Capital, Ally Financial, American Express Ventures, Ping An Global Voyager Fund, and 9Yards Capital in the round. The new investment round comes amid a period of significant growth for Better.com; over the last year, the company has grown its funded loan volume over four-fold. Wilson Sonsini Goodrich & Rosati represented Better.com in the transaction.

Founded in 2016, Better.com is a digital-first homeownership company whose services included mortgage, real estate, title, and homeowners insurance. To date, Better.com has funded $25 billion in home loans and provided over $7 billion in cumulative coverage through Better Cover and Better Settlement Services, the insurance divisions of Better.com. Better.com has raised over $400 million in equity capital since inception.

The Wilson Sonsini team that represented Better.com in the transaction includes Damien Weiss, Megan Baier, Catherine Riley Tzipori, and Brett Schulman.

For more information, please see Better.com's press release.