Proptech firm raises $24M in recent funding round

August 13, 2019
Share this Post: 

Proptech firm Homeward is looking to simplify the home buying and selling process. To do that, it has recently raised $25 million in funding which will go towards future innovation.

The Austin-based company announced the round which includes $4 million in equity and $21 million in debt financing. The new funds allow Homeward to scale its real estate platform and improve the mobile customer experience. 

It also marks the first investment as the company attempts to simplify the home buying process through its platform. That process starts with inverting the buying and selling process, said Tim Heyl, Founder and CEO of Homeward, in a statement.

“The current process of home buying is backwards,” he said. “Buyers have to sell their existing home and then rush to find a new one. We remove this uncertainty by letting buyers use our cash to secure their next home first. Then they can take their time and sell their existing home for its full market value.”

Heyl, who started his career as a real estate professional, launched Homeward in 2018 after encountering the Catch-22 of home shopping. Buyers didn’t want to make an offer on a new home until they sold their existing home, but they feared listing their current home without knowing where they were going next.  

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Blue Banner 899 Euros Madrid Ppw 2019

August 13, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Rightmove Opt 1
Rightmove Appoints Former Just Eat MD, Matthew Bushby as Its New CMO

British market leader Rightmove has announced the appointment of Matthew Bushby as its new Chief Marketing Officer. Bushby joins the...

Read More
Shutterstock 603344765
Casai Merges with Fellow LatAm Short Term Rentals Specialist Nomah After Job Losses

The Mexican short-term rentals marketplace operator Casai has merged with its Brazilian counterpart Nomah. Existing investors including a16z and Monashees...

Read More
Shutterstock 147091049
REA India Sidesteps Agents with Country's First User Subscription Service - 'Housing Premium'

The REA India-owned real estate portal Housing.com has announced the launch of a new user subscription service that aims to...

Read More
Boligportal
North Media Posts Q2 Financial Results—BoligPortal on Track

North Media, the media group and operator of Danish Portal BoligPortal, released its Q2 2022 financial report, with results "as...

Read More

Editor's Pick