Real estate platform HomeLight closes $109m in funding round

by Candyd Mendoza06 Nov 2019

HomeLight has announced that it raised $109 million of new financing.

The real estate technology company said it would use the funding to roll out the expansion of its agent and investor matching platform in 2020. HomeLight also plans to build consumer financial and lending products, as well as grow the coverage of its transactional tools.

HomeLight acquired digital mortgage startup Eave in July. After the acquisition, HomeLight closed a total of $109 million in a Series C equity financing round to fuel its mortgage operations.

"This latest round of financing represents a significant vote of confidence in this goal," said Drew Uher, CEO and founder of HomeLight. "We couldn't have asked for a more trusted and committed group of partners in this journey. We're more excited than ever about the future of real estate and HomeLight's ability to drive a better consumer and agent experience."

Zeev Ventures led the funding round with participation from Group 11, Menlo Ventures, Crosslink Capital, Stereo Capital, and others.

"HomeLight's evolution from a single-product company to a real estate platform aligns with our vision for the future of real estate," said Oren Zeev, managing director of Zeev Ventures. "I am thrilled to partner with HomeLight to build the real estate platform and power the real estate transaction of the future."