HomeLight Brings In $40 Million

Real estate startup HomeLight completed $40 million in Series B financing. Six investors contributed to the round: Menlo Ventures, Zeev Ventures, Crosslink Capital, Innovation Endeavors, SGVC, and Citi Ventures.

Founded in 2012, HomeLight is a marketplace for finding real estate professionals. The company’s proprietary algorithm creates unbiased, personalized agent recommendations by analyzing transactional data and licensing records of more than two million agents. HomeLight identifies agents with local knowledge and negotiation expertise, helping homeowners sell their homes faster and at higher prices. Based in San Francisco and Phoenix, HomeLight currently operates in more than 34 major U.S. markets.

In its announcement, the company said HomeLight will use the new capital to continue meeting its goal for growth. By the first quarter of 2018, the company plans to double its headcount and to make key hires across sales, marketing, operations, and engineering within both its San Francisco headquarters and its Phoenix office. HomeLight will also continue to invest heavily in refining its data-driven platform and enhancing the seller experience.