PropTech platform HomeLight has collocated $363m in a funding round, which was led by Zeev Ventures.
Additional contributions came from Group 11, STCAP, Menlo Ventures and Lydia Jett of the SoftBank Vision Fund.
The fresh investment was comprised of $100m in Series D equity and $263m in debt financing.
With the funds, the company hopes to accelerate the expansion of its technology and brings its services to new markets across the US. HomeLight also hopes to hire more staff and open new offices in the US and around the world.
The PropTech company helps homeowners sell their homes quicker and for more money. I
HomeLight founder and CEO Drew Uher said, “We’ve built the definitive platform that gives the best real estate agents and their clients the power of contingency-free transactions — whether that’s enabling an all-cash offer, unlocking liquidity of an existing home to buy a new one, or creating certainty through a modern closing process.
“We’ve proven that technology can help transform the transaction experience, and we couldn’t be more excited to bring that technology to top agents, homebuyers, and sellers everywhere.”
With the close of the round, the PropTech company has raised a total of $530m in funding to date.
Since the company closed its Series C in 2019, HomeLight has experienced three-times year-over-year growth. Its revenue is expected to triple to more than $300m in 2021.
The company also increased its team by 180% year-over-year.
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