SUMMARY
- Homeward raised $120M in Series D funding.
- Funds will support growth and technology development.
- Homeward provides home buying and financing solutions.
Homeward, an Austin, Texas-based provider of cash-backed real estate financing solutions, has secured $120 million in Series D equity financing, along with $330 million in asset-backed debt facilities.
The equity round was led by Saluda Grade, with participation from Continental General Insurance Company, Citi Ventures, Magnetar, Harmony Partners, Norwest, Adams Street Partners, LiveOak Ventures, Parker89, Era Ventures, Javelin Venture Partners, and others.
The company intends to use the funds to expand operations and its development efforts.
What is Homeward?
Homeward provides technology-backed financing solutions designed to make buying and selling homes easier.
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Its platform brings together Homeward Mortgage and Homeward Title into an integrated experience for real estate agents and their clients. By connecting different parts of a home transaction, the company aims to provide greater visibility from making an offer through closing.
Homeward's financing solutions can help buyers make stronger offers, access home equity more quickly, and avoid common home-sale contingencies.
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How Much Funding Has Homeward Raised?
Homeward has secured $120 million in its latest Series D equity financing.
The company also secured $330 million in asset-backed debt facilities.
The source did not provide Homeward's total funding raised to date or details of previous funding rounds.
Who Invested in Homeward’s Series D?
Saluda Grade led Homeward's Series D equity financing.
Other participating investors included Continental General Insurance Company, Citi Ventures, Magnetar, Harmony Partners, Norwest, Adams Street Partners, LiveOak Ventures, Parker89, Era Ventures, Javelin Venture Partners, and others.
Why the Funding Matters
Homeward plans to use the new capital to expand its operations and continue developing its platform.
The company is focused on financing solutions that can help remove barriers in home transactions, including home-sale contingencies and limited access to home equity.
Who founded Homeward?
Homeward was founded in 2018 by Tim Heyl.
The company is headquartered in Austin, Texas, and serves real estate professionals and their clients through its home buying, financing, mortgage, and title solutions.
"Guidance and expertise from trusted real estate agents will always be at the center of every successful home transaction," said Tim Heyl, founder and CEO of Homeward. "We're agents ourselves, so we built Homeward to help fellow agents solve the real problems their clients face every day.
"Homeward is working to solve a financing problem that arises at a consequential moment for homeowners and their agents," said Ryan Craft, founder and CEO of Saluda Grade. "We believe Tim and his leadership team have extensive experience in this market and have made commendable progress in proving their operating model.
Market and Business Growth
More than two million licensed real estate professionals guide buyers and sellers through home transactions every year, according to the company.
Homeward combines its financing technology with mortgage and title services to support agents and clients throughout the home buying and selling process.
What Happens Next?
Homeward plans to expand its operations and continue developing its technology-backed financing platform.
The company will continue working with real estate professionals to help buyers make competitive offers, reduce transaction barriers, and provide greater certainty through the home buying and selling process.
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