San Diego, California-based startup Splitero, which is focused on home equity investments (HEI), has raised about $12 million in a Series A funding round to expand its operations. 

Fiat Ventures led the investment round of $11.7 million, the parties announced Tuesday. Gemini Ventures, Joint Effects, PBJ Capital, Permit Ventures, Dream Ventures, Goodwater Capital, Spark Growth Ventures, and Oyster Fund participated in the investment round. 

According to Splitero CEO Michael Gifford, the company raised capital amid “tremendous growth” — despite the challenging economic environment. The startup formerly operated in California, Colorado and Washington but announced its expansion into Oregon and Utah as well. 

Splitero’s business model consists of providing up to $500,000 as a lump details ⇒

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