HomeLight Raises $109M in Series D

HomeLight has successfully raised $109M in a Series D at a $1.5B valuation led by Zeev Ventures, Crosslink Capital, Group 11, Citi Ventures, Menlo Ventures, Montage Ventures.

Company Overview

HomeLight is a PropTech company headquartered in 130 Lytton Avenue, Palo Alto, CA 94301, founded in 2012 with 600+ employees.

Real estate technology platform

Fundraising Details

Amount Raised: $109M
Round Type: Series D
Valuation: $1.5B
Date: 2024-03-09
Investors: Zeev Ventures, Crosslink Capital, Group 11, Citi Ventures, Menlo Ventures, Montage Ventures

About HomeLight

Real estate technology platform The company is positioned in the PropTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 130 Lytton Avenue, Palo Alto, CA 94301
Founded: 2012
Team Size: 600+
Industry: PropTech

What This Means

This funding round demonstrates strong investor confidence in HomeLight's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The PropTech sector continues to attract significant investment as companies innovate to meet evolving market demands. HomeLight's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.5B valuation marks an important milestone for HomeLight, positioning the company among notable players in the PropTech industry.

Looking Ahead

With this new capital, HomeLight is well-positioned to execute on its growth strategy and continue building innovative solutions in the PropTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-03-09. For more information about HomeLight, visit their headquarters at 130 Lytton Avenue, Palo Alto, CA 94301.