HomeLight, a real estate tech platform for real estate agents, has raised $363 million of new funding – valuing the company at $1.6 billion.
HomeLight is based in San Francisco and opened a regional hub in South Tampa about a month ago.
The funding round was led by Zeev Ventures, with participation from Group 11, Stereo Capital, Menlo Ventures and Lydia Jett of the SoftBank Vision Fund. The round includes $100 million of Series D equity and $263 million in debt financing to power its flagship products, bringing HomeLight’s total funding to approximately $530 million to date.
The company previously raised its Series C funding in October 2019.
The new raise is expected to fund HomeLight’s growth throughout the U.S., including Florida, and internationally.
HomeLight currently has about 30 employees in Tampa, with plans to hire over 100 people in the greater Tampa-St. Petersburg area and hire at least 500 people across the state, a HomeLight spokeswoman told the St. Pete Catalyst.
HomeLight’s platform gives the real estate agents and their clients the power of contingency-free transactions — whether that’s enabling an all-cash offer, unlocking liquidity of an existing home to buy a new one.
HomeLight will use the funding to accelerate the expansion of its technology platform for agents, including its flagship financial products, HomeLight Trade-In and HomeLight Cash Offer, to new markets.
HomeLight also plans to also open new offices. The company didn’t specify the new locations.