Virtually ten years in the past, we got down to change the way forward for actual property, with a transparent imaginative and prescient: we essentially believed that that path to a greater transaction could be by the very best actual property brokers within the nation — individuals such as you.
Ever since, HomeLight had a singular objective: to root out each second of friction, ache, and uncertainty within the transaction course of, and to rework it. To interchange complexity with simplicity, and frustration with satisfaction. To ship higher outcomes to consumers and sellers all over the place by partnering with prime brokers nationwide.
As we speak, I’m excited to share that we’ve made a significant step in our journey collectively: we’ve raised $363 million of recent funding, together with $100 million of Collection D fairness and over $263 million in debt financing to energy HomeLight Money Provide™ and HomeLight Commerce-In™ operations. HomeLight is now valued at $1.6 billion.
With this funding, we’re doubling down on our dedication to you: constructing the instruments and expertise to energy your companies and ship the very best expertise to your shoppers.
However what’s much more thrilling: collectively, we’ve now served greater than 1 million homebuyers and sellers throughout the nation.
These are extra than simply spectacular numbers on a display screen — they’re people and households throughout the whole United States who’ve turned to and trusted HomeLight and their brokers to assist them throughout one among life’s most necessary moments: shopping for or promoting their residence.
The pandemic has highlighted simply how necessary house is to all of us
I stated it after we final raised cash in 2019, and I’ll say it once more: what we’re constructing at HomeLight is private to me, to our workforce members, and to those that have skilled the frustration and deep disappointment when making an attempt to purchase or promote a house with out success.
However a lot has modified on this planet since our final fundraising spherical.
Now, what we’re constructing at HomeLight is private to the thousands and thousands of households who needed to scramble to purchase or promote a house within the throes of the pandemic.
It’s private to the thousands and thousands of people that have missed out on their dream residence as a result of they misplaced in aggressive bidding wars or due to delays attributable to contingencies.
It’s private to the devoted actual property brokers throughout the nation who stay dedicated to delivering the very best expertise to their shoppers — it doesn’t matter what hurdles they might face, together with a world pandemic.
We’re proud to have helped numerous prime brokers proceed to serve their shoppers through the challenges of the final 12 months and half. And we’re extremely proud to have made the dream of homeownership come true for hundreds of homebuyers and sellers, when residence has by no means meant extra to us all.
And but, in some ways, we all know that that is nonetheless the start.
At HomeLight, we all know the way forward for actual property is technology- and agent-driven.
We deeply imagine that brokers are on the coronary heart of each step of the actual property journey, from the primary open home to closing escrow. With this funding, we’re doubling down on our dedication to you: constructing the instruments and expertise to energy your companies and ship the very best expertise to your shoppers.
We’ll proceed to enhance our instruments, expertise, and processes to offer you and your shoppers a frictionless transaction expertise. And we’ve got massive plans to rent in all of our places of work throughout the USA — guaranteeing you may have the very best workforce in proptech working with a single deal with supporting you, your groups, and your shoppers, daily.
We will’t wait to embark on this journey with our workforce, shut companions, and also you – the lots of of hundreds of brokers we work with throughout the nation – to rework the transaction expertise for all.
Cheers to the subsequent chapter,
CEO and Founding father of HomeLight