HomeLight Secures $20 Million in Series D Extension

HomeLight, a real estate technology platform based in Scottsdale, Arizona, has raised $20 million in an extension of its Series D funding round. The funding round was led by Zeev Ventures, with additional participation from Stereo Capital, Menlo Ventures, and other investors.

The newly raised funds will support the company’s plans to expand its operations and enhance its platform development.

Expansion of Real Estate Technology Solutions

HomeLight offers a platform designed to simplify the process of buying and selling homes. Its services include allowing clients to purchase a new home before selling their current one, connecting them with qualified agents, and ensuring a smooth closing process.

A key feature of the platform, “Buy Before You Sell,” provides specific benefits for both clients and loan officers:

• Utilizes HomeLight’s AI-driven algorithm to assess the condition and eligibility of a property in minutes.
• Enables clients to access up to 70% of the equity in their existing homes.
• Allows clients to make non-contingent offers on new homes, free from the uncertainty of needing to sell their current property first.
• Supports clients in choosing their own timeline for moving, while also preparing and staging the old home to maximize its sale price.

Rapid Adoption Across the Lending Community

The “Buy Before You Sell” program has seen rapid uptake, with 40 lenders, including The Loan Store and Luminate Home Loans, currently using the service. These partnerships have contributed to the program’s expansion, which now covers 47 states.

HomeLight maintains offices in Scottsdale, San Francisco, Dallas, and Chicago.

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