True estate-targeted fintech firm Tomo plans up to 100 Stamford employment

STAMFORD — Tomo Networks, a monetary-technological innovation agency centered on the authentic estate field that was launched very last calendar year in Stamford, designs to generate up to 100 area jobs by the conclusion of this 12 months, company and state officials announced Wednesday.

At the identical time, Tomo announced its electronic platform’s launch and confirmed a $70 million spherical of investing, which business officers described as “one of the premier seed rounds in history.”

The point out Division of Economic and Local community Growth will support Tomo with “earn-as-you-grow” subsidies that supply grants in arrears as position targets are achieved.

“Tomo could have selected any state in the place to identify their corporate headquarters, and they selected Connecticut since they understand that we have the greatest educated, greatest trained and most productive perform forces in the world that are driving innovation, primarily in the fintech market, which has seen huge development in modern years,” Gov. Ned Lamont mentioned in a assertion.

“New corporations like Tomo make me excited mainly because of the revolutionary goods they are developing. I am thrilled they have selected Stamford as the central hub where by they will be generating this transpire, and I seem forward to observing their continued growth below,” Lamont claimed.

The firm will be headquartered at 2200 Atlantic St., in Stamford’s South End, yards away from the upcoming headquarters, at 100 Washington Blvd., of manufacturer and engineering-products and services provider ITT. The latter introduced very last 7 days that it would move its most important places of work to the city from White Plains, N.Y.

“It has been a satisfaction to get the job done with Gov. Lamont’s workplace, the Department of Economic and Neighborhood Progress, and AdvanceCT (an economic progress-concentrated nonprofit) as we create out our enterprise in Stamford,” Greg Schwartz, CEO and co-founder of Tomo, explained in a statement. “Innovative, growth-oriented firms like Tomo are captivated to the state by the small business-pleasant environment and the deep expertise out there here. We intend to be the location employer of selection for these who want to adjust how house shopping for and financial solutions are transacted. I am very pleased to be in Stamford for our official launch nowadays.”

Tomo places of work in Seattle, Clean., and Austin, Texas, will support the Stamford headquarters.

Connecticut is in the midst of 1 of its busiest periods for company recruitment due to the fact Lamont, a very first-time period Democrat, took place of work in January 2019. Tobacco big Philip Morris Intercontinental announced June 22 that it would move its headquarters from Manhattan to Connecticut and money-engineering organization iCapital Network committed June 24 to opening offices in Greenwich.

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