Basic Information
Homeward makes it easy for people to get a new house. Their process starts with securing the client’s new home before going through the hassle of listing your existing one. Homeward also makes money off of the rent it charges to homeowners on their new home before they’re able to close a deal on the old one. Homeward works with agents to register clients for Homeward’s service so they can be approved for a loan by the company. Would-be home buyers (through Homeward) can make an all cash pitch to sellers which often results in a discount on the asking price — and the new owners can move in faster — all while having someone else manage the process of selling their old home. In May 2020, the company announced that it has secured growth capital of $105M, including $20M in equity and $85M in debt. The $20M of equity financing was led by Adams Street Partners, with additional participation by Javelin Venture Partners and LiveOak Venture Partners. The $85M in debt was secured from multiple institutional lenders.
Legal Name
:
Homeward
Headquarters
:
Austin, Texas, United States of America
Founding Date
:
2018
No. of Employees
:
61 to 100
Core Team
:
1.
Tim Heyl
Founder & CEO
2.
Eric Wilson
Chief Operating Officer
Funding
Total Funding
$130.0M
Investors
:
1.
Jed Katz
2.
Genesis Capital
3.
Javelin Venture Partners
4.
LiveOak Venture Partners
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Real Estate
Real Estate
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