Long Ridge is pleased to announce a significant growth capital investment in Neighborhoods.com, LLC (“Neighborhoods”). The company is a leading provider of specialized online real estate marketplaces, which help homebuyers find their perfect community, agent, and home.
55places.com is the company’s original brand. It has quickly grown to be the country’s #1 real estate website for age-restricted communities and active adult home buyers. More recently, the company introduced neighborhoods.com, a leading online real estate resource that puts the neighborhood at the center of the home search for all home buyers.
Our investment in Neighborhoods arose from our longstanding interest in real estate technology and online marketplaces. The company benefits from a number of exciting macro trends, including the shift in consumer research from offline to online and the rise in the importance of marketplaces to connect buyers and sellers.
As the company has established itself as the clear market leader in its defined niche, we believe it is uniquely positioned to expand into adjacent verticals. We are proud to be the company’s first outside investors and to partner with the talented management team led by the co-founders, Bill Ness and Danny Goodman.
In connection with the investment, Angad Singh, a principal at Long Ridge, and Dan Hang, an industry veteran within the Long Ridge network, will join the board. Dan was an early employee and senior executive at Trulia – Zillow Group, where he held significant responsibilities related to product and strategy.
For additional information about the investment, please click here.