Backflip, a real estate and fintech startup improving how entrepreneurs invest in residential properties, announces an $8 million equity seed round co-led by Vertical Venture Partners (VVP) and LiveOak Venture Partners (LiveOak) with participation from Revel Partners, Great Oaks VC, and Greg Waldorf, former founding investor and Board Member at Trulia and Zillow.

The funds will be used to expand Backflip's product development team and accelerate its 2022 public launch in Texas and Colorado. Additionally, the company secured $27 million of dedicated debt funding.