Venture Capital News: HomeLight Raises $3M in Funding
SAN FRANCISCO, CA, Leader in matching homebuyers and sellers with real estate agents, announced today the debut of its new website and the close of an additional $3 million in funding.
HomeLight (http://www.homelight.com), the leader in matching homebuyers and sellers with real estate agents, announced today the debut of its new website and the close of an additional $3 million in funding. The new capital injection comes from Bullpen Capital, Montage Ventures, Crosslink Capital, Krillion Ventures, 500 Startups, and Western Technology Investment. Proceeds of the round will be used to make key hires, expand marketing efforts, and drive additional adoption of its core agent-matching platform.
HomeLight's matching service helps consumers identify the best real estate agents by analyzing home sales data and evaluating an agent's skills and strengths based on their past performance. With the launch of its new site at http://www.homelight.com, consumers will now have an easier and faster way to find the right real estate agent for their needs. The new site includes enhancements to HomeLight's matching algorithm, additional content, and a revamped look-and-feel.
'We're constantly working to improve HomeLight for agents and consumers,' said Drew Uher, CEO and founder of HomeLight. 'We believe that the new HomeLight.com is the best real estate agent search experience on the web today, and this new round of funding is a great vote of confidence in our ability to revolutionize the way people buy and sell homes.'
With this new round of funding, HomeLight has now raised a total of $4.85 million to date.
'When we look at real estate, we believe there will be a tidal wave of innovation in the next 5-10 years,' said Todd Kimmel, Managing Partner of Montage Ventures. 'Zillow and Trulia have done a great job in home search, but there are still several 'front and center' problems yet to be solved. HomeLight is well positioned to improve the way people find and select agents and also the way the industry works more broadly.'
'The 2015 consumer demands more transparency with the products they buy and the service providers they hire,' said Richard Melmon of Bullpen Capital. 'HomeLight is bringing this much needed transparency to a market where it has been noticeably absent. We're impressed with what the HomeLight team has built to date, and with this additional capital, we believe the company can grow even faster.'
Founded in 2012, HomeLight is the only company that expertly matches homebuyers and sellers with the real estate agents who are most qualified to meet their specific needs. Our proprietary algorithm creates unbiased, personalized agent recommendations by analyzing transactional data and licensing records of over two million agents. HomeLight identifies agents with local knowledge and negotiation expertise, helping homebuyers find the perfect home for the best price. Sellers can sell their home faster and for the highest price because we find agents who are better at pricing, prepping, and marketing. Based in San Francisco and currently operating in 38 major U.S. markets, HomeLight is a privately held company backed financially by Google Ventures, Crosslink Capital, Bullpen Capital, Montage Ventures, Krillion Ventures, 500 Startups, and Western Technology Investment. Follow us on Twitter, like us on Facebook, or learn more at http://www.homelight.com.
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