HomeLight secures $363M to reimagine real estate

Source: Housing Wire — 

Bay Area-based HomeLight, a proptech platform aimed at expediting and simplifying the real estate process, announced it has raised a combined total of $363 million in new funding.

According to a Thursday release, the round was led by Zeev Ventures – the same VC to lead HomeLight’s $109 million Series C back in 2019. Zeev was also an initial investor in the proptech’s 2017 Series B. Other repeat investors in its most recent round included Menlo Ventures, Group 11 and Stereo Capital. Lydia Jett of the SoftBank Vision Fund also participated.

The round includes $100 million of Series D equity and $263 million in debt financing – boosting HomeLight’s valuation to the tune of $1.6 billion, the company claimed.