Ownwell, an AI-driven startup that appeals property taxes for homeowners, has raised $50 million in financing, including $30 million in equity and $20 million in debt. Founded in 2020 and based in Austin, the company has now secured $54 million in equity funding, with its Series B round co-led by Alpha Edison and Mercato Partners. Ownwell leverages technology to automate complex property tax appeal processes by analyzing millions of local records, helping homeowners reduce their tax assessments. The company currently operates in about a dozen states and plans to expand further. It has processed over 1 million appeals, saving customers more than $400 million in property taxes. Ownwell also offers related services such as property exemptions, insurance comparisons, and refinancing options. The startup is profitable and continues to prioritize growth, boasting over 500,000 customers and a 100% annual growth rate since inception.
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