HomeLight, a San Francisco, CA-based real estate technology platform provider, raised $100m in Series D round and $263m in debt financing and valued the company at $1.6 billion.
The round 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.
Company: HomeLight, Inc.
Raises: $363.0M
Round: Series D
Funding Month: September 2021
Lead Investors: Zeev Ventures
Additional Investors: Group 11, STCAP, Menlo Ventures, and Lydia Jett of the SoftBank Vision Fund
Company Website: https://www.homelight.com/
Software Category: Real estate technology platform
About the Company: 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. HomeLight’s initial product focused on using artificial intelligence to match consumers and real estate investors to agents. Founded in 2012, the company has offices in Scottsdale, San Francisco, New York, and Seattle.
Source: https://www.finsmes.com/2021/09/homelight-raises-363m-in-funding-valued-at-1-6-billion.html