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Total amount raised
$762M
Latest funding date
2024-08-26
Location
HomeLight has successfully navigated 14 funding rounds, with notable investors including Zeev Ventures and Stereo Capital. The platform offers a range of real estate services, from connecting users with top agents to facilitating cash offers through its Simple Sale™ program.
Keep reading to explore the intricacies of HomeLight's fundraising journey and the investors backing this innovative platform.
HomeLight has raised funding across multiple rounds backed by prominent investors including Zeev Ventures, Menlo Ventures, Group 11, and Stereo Capital.
Keep reading to explore HomeLight's full fundraising journey.
What Is HomeLight?
HomeLight is a real estate technology platform founded in 2012 and headquartered in Scottsdale, Arizona. The company connects home buyers and sellers with top-performing real estate agents using data-driven insights, and offers innovative products such as Buy Before You Sell, Cash Offer, and Trade-In to simplify real estate transactions.
How Much Funding Has HomeLight Raised?
- Seed Round
- Amount Raised: USD 1,500,000
- Date: November 2012
- Lead Investors: Undisclosed
- Participants: Google Ventures, Crosslink Capital, Innovation Endeavors
- Series A (Tranche 1)
- Amount Raised: USD 3,000,000
- Date: February 2015
- Lead Investors: Bullpen Capital
- Participants: Montage Ventures, Crosslink Capital, Krillion Ventures, 500 Global, Western Technology Investment
- Series A (Tranche 2)
- Amount Raised: USD 11,000,000
- Date: April 2016
- Lead Investors: Zeev Ventures
- Participants: Group 11 (Dovi Frances), Innovation Endeavors, Bullpen Capital, Montage Ventures, Krillion Ventures
- Series B
- Amount Raised: USD 40,000,000
- Date: August 2017
- Lead Investors: Menlo Ventures
- Participants: Zeev Ventures, Group 11, Crosslink Capital, Innovation Endeavors, Citi Ventures
- Series C (Equity)
- Amount Raised: USD 63,000,000
- Date: November 2019
- Lead Investors: Zeev Ventures
- Participants: Group 11, Menlo Ventures, Crosslink Capital, Stereo Capital, Citi Ventures
- Debt Financing
- Amount Raised: USD 46,000,000
- Date: November 2019
- Lead Investors: Undisclosed
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: May 2021
- Lead Investors: Credit Suisse
- Series D
- Amount Raised: USD 100,000,000
- Date: September 2021
- Lead Investors: Zeev Ventures
- Participants: Group 11, Stereo Capital, Menlo Ventures, SoftBank Vision Fund (Lydia Jett)
- Debt Financing
- Amount Raised: USD 263,000,000
- Date: September 2021
- Lead Investors: Undisclosed
- Series D Extension (Equity)
- Amount Raised: USD 60,000,000
- Date: June 2022
- Lead Investors: Zeev Ventures (Oren Zeev)
- Debt Financing
- Amount Raised: USD 55,000,000
- Date: June 2022
- Lead Investors: Undisclosed
- Series D Extension
- Amount Raised: USD 20,000,000
- Date: August 2024
- Lead Investors: Zeev Ventures
- Participants: Stereo Capital, Menlo Ventures
Total Amount Raised: at least $762M based on disclosed funding across all rounds.
Key Investors
- Zeev Ventures
- Details: Zeev Ventures, the fund of veteran investor Oren Zeev, has been HomeLight's most consistent lead investor. It led the Series A (2016), Series C (2019), Series D (2021), and both Series D extensions (2022, 2024), and has board representation.
- Menlo Ventures
- Details: Menlo Ventures led HomeLight's Series B in August 2017 and has participated in multiple subsequent rounds including Series C, Series D, and the 2024 extension.
- Group 11
- Details: Group 11, a fintech-focused VC firm, has participated in HomeLight's rounds from Series A through Series D, including the November 2019 and September 2021 rounds.
- Stereo Capital
- Details: Stereo Capital has been a recurring participant in HomeLight's funding rounds, including Series C (2019), Series D (2021), and the most recent 2024 extension.
- Crosslink Capital
- Details: Crosslink Capital participated in HomeLight's early rounds including the 2012 Seed, Series A, Series B, and Series C rounds.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund, represented by Lydia Jett, participated in HomeLight's $100M Series D round in September 2021.
- Credit Suisse
- Details: Credit Suisse provided HomeLight with a $100M credit line in May 2021 to expand its Cash Offer and Trade-In programs.
What's Next for HomeLight?
HomeLight is positioned to continue expanding its Buy Before You Sell program and other innovative real estate products. With the $20M Series D extension secured in August 2024, the company plans to extend its Buy Before You Sell offering to 40 additional U.S. markets, furthering its mission to simplify the home buying and selling experience for consumers nationwide.
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