Home Bay opens in six markets

Startup is looking to become the next Purplebricks

Startup Home Bay Technologies has expanded to Colorado and is now open in six markets. The young residential brokerage is looking to become the next Purplebricks as they charge a flat commission fee.

Be Smart: Home Bay is a traditional residential brokerage masked as a tech firm. They charge between $2,000 to $3,500 per deal, rather than the traditional 3% listing fee.

Past funding: The startup raised $5 million last June from E15VC.