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Unlock Technologies, a fintech that offers homeowners upfront cash in exchange for a share of their home’s future value, announced Wednesday it has secured access to $250 million through a purchase commitment agreement with D2 Asset Management.
The agreement builds on D2’s $30 million Series B investment in late 2024, when the firm also pledged the $250 million commitment to support Unlock’s originations. Other participants in the round included Saluda Grade, Second Century Ventures and REACH, the venture arm of the National Association of Realtors (NAR).
“We surpassed $1 billion in invested capital and 14,000 customers served as of this year,” said Jim Riccitelli, CEO at Unlock, who also highlighted the company’s securitizations.
The resources will be used to support the company’s growth. Unlock, a provider of home equity investment (HEI) contracts, allows homeowners to access equity without monthly payments or income requirements.
“This partnership with D2 provides us with the capital foundation to address the very real and urgent need for creative financial products in today’s dynamic market,” said Peter Silberstein, chief capital officer at Unlock.
Luke Doramus, founder and managing partner of D2, a global investment firm founded in 2024, said Unlock’s product is a much-needed solution since “high interest rates have limited traditional refinancing and home equity options.”
“This investment aligns with our thesis around residential real estate and the power of strategic partnerships to expand access to financing tools for homeowners who may otherwise be locked out of their equity,” Doramus added.
Unlock, founded in 2020, also announced earlier this month the closing of its fourth rated HEI securitization — and its first of 2025 — by securitizing $227 million in HEIs originated and managed by the company. The deal was sponsored by Saluda Grade.
