HomeLight raises $363 Million at $1.6 Billion Valuation for Real Estate Service Industry

Homelight is the real estate marketplace online operator, with its help real estate agents can contact sellers of the real estate. Homelight assists buyers and sellers with all-cash offer, unlocking liquidity of the existing home, etc.

The led investor of the new funding round was Zeev Ventures. Other investors were Group 11, Stereo Capital, Menlo Ventures and Lydia Jett of the SoftBank Vision Fund. The recent investments tripled the valuation of the company in comparison with November 2019.

Homelight was launched in 2012 by Drew Uher. Homelight focuses on applying AI for matching consumers and real estate investors to agents. In 2020 the company launched HomeLight Trade-In and HomeLight Cash Offer. Then, the company acquired Disclosures.io and launched HomeLight Listing Management. The new fundings will be used for new market expansion. Now, there are 500 employees in the company, 350 of them were hired last year.

Our goal is to remove as much friction as possible from the process of buying or selling a home,” Uher said.

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