True Footage Raises $40 Million and Continues to Scale

True Footage, a Cashmere portfolio company, has raised $40 million in Series C funding to expand its residential valuation platform. The company is focused on improving how home values are determined by combining software, data, and a nationwide network of appraisers.

The round comes as demand grows for faster, more consistent, and more transparent valuation processes. In a housing market shaped by volatility and affordability pressures, accurate pricing is becoming more critical across lending, buying, and refinancing decisions.

Founded in 2021, True Footage has built what it describes as a full-stack approach to residential valuation. Its platform, TrueTracts, delivers market analysis, time and feature adjustments, and real-time insights designed to improve both speed and quality. The company now operates across more than 30 states, works with hundreds of mortgage lenders, and has processed millions of appraisals to date.

The latest funding will support continued expansion across consumer platforms, lenders, and government entities, as well as deeper integration into the broader real estate ecosystem.

At The Cashmere Fund, our investment in True Footage reflects a broader focus on companies aligned with long-term shifts in how core industries operate. The housing market is one of the largest and most important sectors in the economy, and valuation sits at its center. We believe improvements in this layer have the potential to impact everything from transaction speed to access to homeownership.

The raise also reflects continued momentum across the Cashmere portfolio, alongside recent investments in companies like Kalshi and Beast Industries. As the fund builds a diversified portfolio across sectors, the focus remains on identifying early-stage companies positioned for durable, long-term growth.

True Footage is still early in its trajectory, but the direction is clear. The company is scaling a platform designed to bring more consistency and efficiency to a critical part of the housing market, at a time when both are increasingly needed.

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Investors should carefully consider the investment objectives, risks, charges, and expenses of The Cashmere Fund (the “Fund”) before investing. The prospectus contains this and other information about the Fund and can be obtained by visiting the Fund's website at https://www.thecashmerefund.com. Please read the prospectus carefully before investing.

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