Homeward, an Austin, Texas-based real estate startup, secured $105M in growth funding.
This included $20M in equity and $85M in debt. The $20M of equity financing was led by Adams Street Partners, with additional participation from Javelin Venture Partners and LiveOak Venture Partners. The $85M in debt was secured from multiple institutional lenders. In conjunction with the funding, Jeffrey Diehl, Adam Street’s Managing Partner and Head of Investments, will join the board.
The new funding will allow the company to purchase more homes for its customers, and expand its agent partnerships.
Led by Tim Heyl, founder and CEO, Homeward enables agents to let customers buy the home they want using an all-cash offer, and then sell their current property at full market value. Founded in 2018, the company is expanding in Texas, Georgia and Colorado, with plans to offer its solution to agents and home buyers nationwide.
Homeward then works to approve their client to make an all-cash offer.