HomeLight

Last updated
HomeLight
Industry Real estate
Founded2012;12 years ago (2012)
FounderDrew Uher, CEO
Headquarters Scottsdale, Arizona
ServicesBrokerage Services
Website www.homelight.com

HomeLight is a real estate technology company [1] founded in San Francisco, CA and based in Scottsdale, AZ. [2]

Contents

Its products and services include an online platform for matching real-estate agencies with buyers and sellers, [3] making cash offers to buy houses and, connecting sellers with buyers willing to make quick cash offers. [4]

History

HomeLight was founded in 2012 by Drew Uher, the company's CEO, [5] [6] [7] after he and his wife had difficulty researching agents based on needs or qualifications. [6] The business, which was originally aimed at buyers, focuses on sellers. [8]

In February 2015, the company received $3 million in funding led by Bullpen Ventures, with participation from Montage Ventures, Crosslink Capital, Krillion Ventures, 500 Startups, and Western Technology Investment. [9] [10] The company has seen growth while increasing funding and engaging in mergers and acquisitions:

Products and services

HomeLight's algorithm ranks agents according to data including sales and agent records from over 100 sources and approximately 30 million transactions nationwide. [5] [7] The algorithm ranks agents by price range, neighborhood, property type and experience level. [19] [9]

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References

  1. Friedman, Nicole (10 March 2022). "Looking to Buy a House? Try Throwing in Free Frozen Yogurt, Concert Tickets". Wall Street Journal . Retrieved 16 March 2022.
  2. Calvey, Mark (24 August 2021). "HomeLight is hitting the road — in more ways than one". San Francisco Business Times . Retrieved 16 February 2022.
  3. Lerner, Michelle (12 February 2019). "Two new online services are like Priceline.com for home sellers". Washington Post . Retrieved 18 January 2022.
  4. Bahney, Anna (2 June 2021). "All-cash offers are king in this hysterical real estate market. Here's what you need to know". CNN. Retrieved 11 January 2022.
  5. 1 2 3 4 Ryan Lawler (August 15, 2017). "Homelight raises $40 million to help home sellers find the best real estate agents". Tech Crunch.
  6. 1 2 3 Barzilay, Omri (August 15, 2017). "HomeLight Raises $40M In Series B Funding To Help You Find A Listing Agent". Forbes .
  7. 1 2 Martin, Susan Taylor (December 28, 2017). "Do seller-Realtor matching services work? We put two to the test". TBO.
  8. Dryburgh, Alastair (January 6, 2018). "Don't Disrupt; Work With Existing Forces". Forbes .
  9. 1 2 Ha, Anthony (February 4, 2015). "HomeLight Raises $3M More To Help Homebuyers And Sellers Find Real Estate Agents". Tech Crunch .
  10. Shallit, Bob. "Real estate matchmaker identifies top Sacramento agents based on data". The Sacramento Bee .
  11. Nanclare, Sindy (April 18, 2016). "Real estate marketplace HomeLight closes $11 million deal". Venture Beat .
  12. Li, Roland (August 15, 2017). "S.F. startup raises $40 million to rank residential real estate brokers". San Francisco Business Times .
  13. "HomeLight Partners with Yelp to Provide Data-Driven Insights on Real Estate Agents". Business Wire . January 9, 2018.
  14. "HomeLight Acquires Eave, a Digital Mortgage Lender, to Launch Mortgage Services in 6 U.S. States". finance.yahoo.com. Yahoo! . Retrieved 2020-05-05.
  15. "HomeLight raises $109 million for AI that matches home buyers with real estate agents". Venture Beat . 2019-11-05. Retrieved 2020-05-05.
  16. Azevedo, Mary Ann (2 September 2021). "HomeLight closes on $100M Series D at a $1.6B valuation as revenue surges". TechCrunch. Retrieved 16 March 2022.
  17. Kamin, Debra (17 August 2021). "Real Estate Industry Works to Change Its Ways". The New York Times . Retrieved 10 January 2022.
  18. "HomeLight Nabs $1.6 Billion Valuation in Zeev Ventures-Led Round". Bloomberg . 2 September 2021. Retrieved 10 January 2022.
  19. O'Dell, J. (November 14, 2012). "HomeLight aims to change the real estate business with Google funding". Venture Beat.