Bonus Homes, a real estate technology startup that provides homeowners with cash payments for equity without selling their properties, is establishing its headquarters in the Valley after a multimillion-dollar capital raise.

Bonus Homes’ decision to relocate its operations from Los Angeles to Phoenix was prompted by the Valley’s brisk housing market and growing tech ecosystem, said Kyle Kamrooz, founder and CEO of Bonus Homes.

“Arizona is the innovation capital for housing and a good ecosystem for it,” he told the Business Journal. “So that’s one of the reasons to locate in Phoenix and it’s one of our main markets that we’ve already been working in so far.”

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

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