About Lower
Lower is a company based in New Albany (United States) founded in 1996.. Lower has raised $100 million across 1 funding round from investors including Accel. Lower has completed 2 acquisitions, including Movoto and Neatlabs. Lower offers products and services including Mortgages and Refinancing.
- Headquarter New Albany, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Lower, Llc
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Products & Services of Lower
Lower offers a comprehensive portfolio of products and services, including Mortgages and Refinancing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Home loans are provided for purchasing properties, with options tailored to individual needs
Rate-term refinancing is offered to adjust loan terms and potentially reduce payments
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Funding Insights of Lower
Lower has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Series A round of $100 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $100.0M
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First Round
First Round
(23 Jun 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Lower | Valuation | Accel |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lower
Lower has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Accel. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lower
Lower has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Movoto and Neatlabs. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Residential properties are brokered online for buyers, sellers, and homeowners.
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2005 | ||||
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Neatlabs is operated as a company with domain neatlabs.com.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lower
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lower Comparisons
Competitors of Lower
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Lower
When was Lower founded?
Lower was founded in 1996 and raised its 1st funding round 25 years after it was founded.
Where is Lower located?
Lower is headquartered in New Albany, United States.
Who is the current CEO of Lower?
Dan Snyder is the current CEO of Lower.
Is Lower a funded company?
Lower is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Series A of $100M, raised on Jun 23, 2021.
What does Lower do?
Founded in 1996 and based in New Albany, United States, the company operates as a direct-to-consumer mortgage lender in the financial services sector. Borrowers are connected to loan options such as conventional, adjustable-rate, jumbo, VA, and FHA loans, along with home improvement, debt consolidation, HELOCs, and cash-out refinancing. Guidance is offered throughout the borrowing process to address home purchase and refinance needs.
What products or services does Lower offer?
Lower offers Mortgages and Refinancing.
How many acquisitions has Lower made?
Who are Lower's investors?
Lower has 1 investor. Key investors include Accel.