Dayton-based Accelerant — an initiative of the Dayton Development Coalition — invested $200,000 in Casamatic in February, with an additional $200,000 available if specific milestones are achieved by the company. The startup also moved north. Casamatic is the six investment for Accelerant Fund I, and is considering the addition of a seventh seed-stage company.
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Before Accelerant invested, the company was accepted to two different Cincinnati-based accelerators — OCEAN and The Brandery — and landed initial funding through the programs.
They’re first launching the new product in Cincinnati and northern Kentucky, Fenner said.
The product, which allows agents to use Casamatic's homematching algorithm, will be $79 a month. Fenner said they already have some clients on board. Agents can request a demo and learn more about the product at the Casamatic website.
The team frequently works out of Nucleus Coshare in Dayton, and also works from Cincinnati.
“It’s great to have both communities,” Fenner said.