AZ-based real estate technology platform HomeLight has raised $20 million in series D funding round led by Zeev Ventures, with participation from Stereo Capital and Menlo Ventures, among others to expand its flagship financial product, Buy Before You Sell, to lenders and agents across 40 new states.
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HomeLight is the essential technology platform used by hundreds of thousands of agents, lenders, and their clients. With the support of HomeLight, agent and lender partners help their clients win at any step of the real estate journey — whether that’s finding a top agent, securing financing with our financial flagship products, or ensuring on-time, easy closing.
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“The contingent nature of homebuying for the majority of buyers is a big factor keeping more people from being active in the market,” said Phil Shoemaker, CEO of The Loan Store, a flagship Buy Before You Sell partner. “The lack of control can be a major turnoff for contingent buyers, knowing they can only afford a new home if they sell their current home first, and understanding that the timeframe for selling is completely reliant on other buyers. Empowering homeowners to buy a new home with the certainty that comes from Buy Before You Sell is immensely valuable.”
“We are deeply focused on building the tools and technology that solve the hardest problems that lenders face today in closing transactions,” said Drew Uher, Founder and CEO of HomeLight. “So far, the response to Buy Before You Sell has blown away our expectations and we’re thrilled to add so much value to both our lender and agent partners as well as their clients.”
HomeLight is a privately held company with offices in Scottsdale, San Francisco, New York, and Seattle, with backing from prominent investors including Zeev Ventures, Menlo Ventures, Group 11, Crosslink Capital, Bullpen Capital, Montage Ventures, Citi Ventures, Google Ventures, and others.
“With Buy Before You Sell, we were able to accomplish my buyer’s goal: submitting a non-contingent offer, pulling equity out now for the down payment at closing, and only having to move once, with no rent payments in the middle,” said Lisa Shapiro, Senior Mortgage Advisor at NEO Home Loans, a subsidiary of Luminate. “It was a very smooth process. Other programs have either cost more or didn’t communicate well; at HomeLight, everyone has been incredibly thoughtful, efficient, and communicative. We’re grateful this option exists.”
About HomeLight
Founded in 2012, HomeLight is building the future of real estate — today. We help the best real estate agents and loan officers in the U.S. close more deals and deliver better outcomes for homebuyers and sellers. Our suite of innovative products enables agents, lenders, and their clients to upgrade to all-cash offers, buy a new home before selling their current home, or create certainty through a modern closing process.
Each year, HomeLight powers billions of dollars of residential real estate business for thousands of our partners. Our vision is a world where every real estate transaction is simple, certain, and satisfying for all.
