HomeLight Raises $109M in Funding
Summary
The round includes $63m in Series C equity led by Zeev Ventures, with participation from Group 11, Menlo Ventures, Crosslink Capital, Stereo Capital, and others, and $46m in additional funds to accelerate mortgage operations. The company intends to use the funds to expand its capabilities, including agent matching, title and escrow, iBuyer, and mortgage services. Launched in 2012 by Drew Uher, CEO, HomeLight provides a real estate platform that aims to simplify the transaction process for homebuyers and sellers. In February 2019, the company launched Simple Sale to match sellers with hundreds of iBuyers across the U.S. In 2020 and beyond, HomeLight will continue to expand its agent and investor matching platform, build consumer financial and lending products, and expand coverage of its transactional tools.