Flyhomes Raises $150M in Series C

Flyhomes has successfully raised $150M in a Series C at a $800M valuation led by Andreessen Horowitz, Balyasny Asset Management, Camber Creek, Canvas Ventures, Norwest Venture Partners, Zillow Group.

Company Overview

Flyhomes is a PropTech company headquartered in 1201 3rd Avenue, Seattle, WA 98101, founded in 2015 with 500+ employees.

Real estate brokerage and mortgage lender

Fundraising Details

• Amount Raised: $150M
• Round Type: Series C
• Valuation: $800M
• Date: 2024-09-27
• Investors: Andreessen Horowitz, Balyasny Asset Management, Camber Creek, Canvas Ventures, Norwest Venture Partners, Zillow Group

About Flyhomes

Real estate brokerage and mortgage lender The company is positioned in the PropTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 1201 3rd Avenue, Seattle, WA 98101
• Founded: 2015
• Team Size: 500+
• Industry: PropTech

What This Means

This funding round demonstrates strong investor confidence in Flyhomes'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. Flyhomes's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $800M valuation marks an important milestone for Flyhomes, positioning the company among notable players in the PropTech industry.

Looking Ahead

With this new capital, Flyhomes 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 2024-09-27. For more information about Flyhomes, visit their headquarters at 1201 3rd Avenue, Seattle, WA 98101.