U.S. Better.com receives $160 mln in funding led by Activant Capital

Better.com, a New York-based online mortgage platform, has secured $160 million in its fresh funding round.

U.S. technology investment firm Activant Capital led the round with further support from Ping An Global Voyager Fund, Ally Financial, Citigroup, AGNC Investment Corp., Healthcare of Ontario Pension Plan and other companies.

Better.com will allocate the money raised from the financing towards building out its current offerings, which include title insurance, home insurance and expanding its realtor network.

Additionally, the company will also use the latest fundraising, which has boosted its valuation to $600 million, for a life insurance offering expected to launch by the first quarter of 2020.