HomeLight, a US-based online realty network backed by financial services firm Citi and technology conglomerate Alphabet, collected $109m in equity and debt financing yesterday, including $63m in series C funding.
Zeev Ventures led the series C round, which also included Group 11, Menlo Ventures, Crosslink Capital, Stereo Capital and a range of unnamed investors. The company did not specifiy who supplied the $46m in debt financing.
HomeLight has built an online marketplace that uses machine learning to analyse more than 40 million real estate transactions and more than 1.4 million agent profiles to identify the most suitable realtor to help users sell their home.
The company also offers investor matching, home loans and title and escrow services platforms.
HomeLight will use the series C funding to grow its agent and investor matching platform, develop consumer financial and lending products and expand coverage of its tools. The debt financing will support HomeLight’s mortgage operations.
HomeLight has secured $118m in equity funding to date. The company raised $40m in a series B round in 2017 backed by Citi Ventures, the corporate venturing arm of Citi, and led by Menlo Ventures.
Zeev Ventures, SGVC, Crosslink Capital and Innovation Endeavours also participated in the series B round.
GV, an early-stage investment subsidiary of Alphabet, took part in a $1.5m seed round in 2012 together with Innovation Endeavors and Crosslink Capital. The latter returned in 2015 to support a $3m round alongside Bullpen Capital, Montage Ventures, Krillion Ventures, 500 Startups and Western Technology Investment.
