HomeLight closes on $100M Series D at a $1.6 B appraisal as profits surges
HomeLight, which operates a real estate technology platform, revealed today that it has secured $100 million in a Series D round of funding and $263 million in financial obligation funding. Return backer Zeev Ventures led the equity round, which also consisted of participation from Group 11, Stereo Capital, Menlo Ventures and Lydia Jett of the SoftBank Vision […] HomeLight’s preliminary product focused on using artificial intelligence to match customers and real estate investors to agents. In January 2020, HomeLight released its flagship monetary items, HomeLight Trade-In and HomeLight Cash Deal. He started HomeLight with a single product, its representative matching platform, which utilizes “proprietary machine-learning algorithms” to examine millions of genuine estate deals and representative profiles. Over the years, Uher stated that hundreds of thousands of agents have applied to be a part of the HomeLight agent network and that it has worked with over 1 million homebuyers and sellers in the U.S. Today, the business works closely with the top 28,000 of those agents throughout the country. …
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