HomeLight, a San Francisco, CA-based marketplace for finding real estate professionals, raised $11m in Series A funding.
The round was led by Zeev Ventures with participation from Dovi Frances of SGVC, Bullpen Capital, Montage Ventures, Krillion Ventures, Innovation Endeavors, Oren Dobronsky, and Yariv Davidovich. In conjunction with the funding, Oren Zeev of Zeev Ventures, joined HomeLight’s board of directors.
The company, which has raised $15m to date, intends to use the funds to enhance its data-driven product offering.
Led by Drew Uher CEO and Founder, Chief Analytics Officer Tom Tang (former VP of Analytics at TrueCar) and COO Sumant Sridharan (former President of CafePress), HomeLight utilizes advanced data algorithms and machine learning techniques that analyzes local neighborhood home sales, expertise in price range, time to sell, likelihood to close, and responsiveness to allow consumers to find the agent best suited to their needs.
It currently operates in 38 major U.S. markets.