Mesa raises $9.2 million

Mesa, “the first homeowner membership platform,” exited stealth with $9.2 million in seed funding. The $7.2 million seed funding was led by Streamlined Ventures, with participation from Starting Line, Assurant Ventures, Vera Equity, Redwood Trust Horizons, Clocktower Ventures, and several other firms and strategic investors.

The Austin-based startup received an additional $2 million in venture debt from Silicon Valley Bank, a division of First Citizens Bank.

Mesa’s first products are the Mesa Mortgage Marketplace and the Mesa Homeowners Card. The Mesa Mortgage Marketplace offers benefits and rewards for originating a new mortgage or refinancing through a lender or broker advertising on Mesa’s marketplace. Homeowners get access to benefits, plus 1% of their loan value in rewards points at closing.

The Mesa Homeowners Card is “the first premium credit card” designed specifically for homeowners. Cardmembers are rewarded on monthly mortgage payments and everyday spending like gas, groceries, HOA fees, utilities, repairs, and home goods and services, like insurance.

In the future, the company plans to reward members on home warranty plans, HELOC originations, insurance plans, and other financial products for homeowners.

“My co-founder Peyton Hayslette and I saw how consumers receive incentives and loyalty rewards for everyday purchases like coffee, airline tickets, and hotel stays. But the one thing you spend the most on – your home and all that comes with it? No one rewards that spend. Our vision for homeowner membership is to give you value back for every dollar you spend on your home.” – Kelley Halpin, CEO and co-founder at Mesa.