HomeLight Raises $363M in Funding; Valued at $1.6 Billion

HomeLight

HomeLight, a San Francisco, CA-based real estate technology platform provider, raised $363m in funding.

The round, which includes $100m in Series D equity and $263m in debt financing and valued the company at $1.6 billion, was led by Zeev Ventures, with participation from Group 11, STCAP, Menlo Ventures, and Lydia Jett of the SoftBank Vision Fund.

The company, which has raised total funding to date to approximately $530m, intends to use the funds to accelerate the expansion of its technology platform for agents, including its flagship financial products, HomeLight Trade-In™ and HomeLight Cash Offer™, to new markets across the country, continue hiring and open new offices across the United States and globally.

Led by Drew Uher, Founder and CEO, HomeLight provides a platform for agents to deliver improved outcomes to homebuyers and sellers during every step of the real estate journey, whether that’s enabling an all-cash offer, unlocking liquidity of their existing home to buy a new one, or creating certainty through a modern closing process.

Founded in 2012, the company has offices in Scottsdale, San Francisco, New York, and Seattle.

FinSMEs

02/09/2021