HomeLight raises $115 Million at a $1.7 Billion Valuation

HomeLight is the real estate marketplace online operator, with help of which real estate agents to contact sellers of real estate. The company’s platform connects home sellers, home buyers, and real estate agencies, and assists customers in mortgage securing and other purchasing formalities completing. HomeLight assists buyers and sellers with all-cash offers, unlocking liquidity of the existing home, etc.

The funding round backers were Menlo Ventures and Zeev Ventures. “We’ll use the $115M in equity and debt capital to continue to fuel operations and meet the high demand from top agents for our flagship financial products, HomeLight Cash Offer and HomeLight Trade-In, in the coming months,” Drew Uher, HomeLight’s founder and CEO.

Homelight, Arizona, the USA, was founded by Drew Uher in 2012. In the beginning, Homelight mainly focused on applying AI to matching consumers and real estate investors to agents. In 2020 Homelight launched HomeLight Trade-In and HomeLight Cash Offer, a program that offers all-cash deals on property and holds the home until a client secures financing. After that, the company acquired Disclosures.io and launched HomeLight Listing Management. This year, HomeLight acquired Eave, a digital mortgage lending startup, to get into mortgage lending. As of now, HomeLight will acquire Accept.inc, a lending startup. “Bringing Accept.inc into the HomeLight family is a strategic move that will allow even more of HomeLight’s top agents and their clients to benefit from the power, speed and certainty of contingency-free transactions,” Drew Uher.

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