HomeLight, a San Francisco, CA-based marketplace for connecting home sellers with top real estate agents, raised $40m in Series B funding.
The round – which brought total funding since inception in 2012 to $55m – was led by Menlo Ventures with participation from new investor Citi Ventures, and existing investors Zeev Ventures, SGVC, Crosslink Capital and Innovation Endeavors. In conjunction with the funding, Tyler Sosin of Menlo Ventures will join HomeLight’s board of directors while Venky Ganesan of Menlo Ventures and Dovi Frances of SGVC will join the board as observers.
The company intends to use the funds to double its head count, making key hires across sales, marketing, operations and engineering within both its San Francisco headquarters and its Phoenix office, continue to invest in its data-driven platform and enhance the seller experience.
Led by Drew Uher, founder and CEO, HomeLight is a marketplace for connecting home sellers with real estate agents. Its algorithm uses real transaction data to match buyers and sellers with agents proven to sell homes faster and for more money, accurately reflecting past performance and success. The company, which has information on over two million agents, actively works with over 20,000 of them.
With offices in San Francisco and Phoenix, HomeLight conducts business nationwide.