- Pagaya Technologies (NASDAQ:PGY) announced the purchase of Austin-based Darwin Homes, a leading proptech platform.
- The combination creates a data-rich, technologically sophisticated offering for all participants in the SFR space, including residents, investors and service providers.
- Pagaya’s completion of its first M&A signals ability to accelerate its vision and add talented leadership.
- Darwin expands Pagaya’s SFR platform into a next-generation, fully-integrated offering, optimizing both the resident and investor experience.
- Austin-based Darwin, which is now a wholly-owned subsidiary of Pagaya, was started by two founding members of DoorDash, Ryan Broderick and Zach Kinloch, who will continue to lead the integrated platform.
- Combined, Pagaya and Darwin’s SFR business operates in more than 30 markets across the U.S.