Incenter Leads Series A Round for Silvernest

NEW YORK ()- Incenter LLC, a leading provider of lender services, capital markets and technology solutions, today announced that it has led the Series A round of fundraising for Silvernest.

Silvernest is an online home sharing service that pairs aging homeowners with qualified housemates, giving Baby Boomers and empty nesters an aging-in-place alternative. Incenter’s investment brings Silvernest’s total funding to $4.45 million. To date, Silvernest has expanded to all 50 states, grown its signup rate by 150 percent and has made nearly 40,000 qualified matches in its system.

“In addition to partnering with lenders and specialty finance companies to provide customized services and access to some of the industry’s sharpest professionals, Incenter opportunistically invests in companies that we believe are changing the housing and finance landscape,” said Patti Cook, president of UFG and chairman of Incenter’s board of directors. “Silvernest is clearly meeting an unmet need for seniors across the country. Its easy-to-use platform allows seniors to leverage one of their most important assets to make extra income, remain in their homes and reduce isolation. Amid a growing population of seniors and shrinking home inventory, Silvernest has arrived at a critical time and we’re thrilled to support its growth.”

In addition to leading Silvernest’s Series A, Incenter has recently also led the Series B round for Cloudvirga, a developer of a cloud-based mortgage automation platform and closed the acquisition of Agents National Title Insurance Company.

About Incenter LLC

Through core offerings including lender services, access to capital and secondary markets solutions and technology infrastructure and information security services, Incenter helps clients solve tomorrow’s business challenges today. As a Blackstone Group portfolio company with offices in Charlotte, Denver, Los Angeles, New York, Manila, Philippines and Saint Paul, Minnesota, Incenter employs approximately 1,000 professionals worldwide. For more information, please visit www.incenterms.com.

Contacts
Incenter LLC
Sara Sefcovic, 212-235-2426
ssefcovic@incenterms.com