HomeLight
| Company type | Private |
|---|---|
| Industry | Real estate, Technology |
| Founded | 2012 |
| Founder | Drew Uher |
| Headquarters | Scottsdale, Arizona , United States |
Area served | United States |
Key people | Drew Uher (CEO) |
| Products | Real estate agent matching platform, cash home purchases, fast cash offer transactions |
HomeLight is a technology-driven real estate firm established in San Francisco, California, with its main office located in Scottsdale, Arizona. The company's platform links buyers and sellers with real estate agents, provides options for cash home purchases, and enables fast cash offer transactions.
History
HomeLight was launched in 2012 by CEO Drew Uher, inspired by difficulties encountered when researching real estate agents. Initially concentrating on buyers, the company later redirected its efforts toward serving sellers.
In February 2015, HomeLight obtained $3 million in investment funding led by Bullpen Ventures, with contributions from Montage Ventures, Crosslink Capital, Krillion Ventures, 500 Startups, and Western Technology Investment. The company’s growth continued through further financing rounds and strategic acquisitions:
- 2016: Secured $11 million from Zeev Ventures and Group 11.
- 2017: Cumulative funding reached $15.5 million; subsequently, a $40 million Series B round was led by Menlo Ventures, with Citi Ventures and returning investors participating.
- 2018: Collaborated with Yelp to incorporate HomeLight’s agent-matching technology into Yelp’s Home Services platform.
- 2019: Acquired the digital mortgage company Eave and raised $160 million from investors such as Zeev Ventures, Group 11, Menlo Ventures, Crosslink Capital, and Stereo Capital.
- 2020: Purchased Disclosures.io and introduced HomeLight Listing Management to assist real estate professionals.
- 2021: Teamed up with the National Association of Real Estate Brokers to create the Black Real Estate Agent Program, offering financial support and mentorship to African-American agents. The company’s valuation reached $1.6 billion following a funding round led by Zeev Ventures.
Under Drew Uher’s strategic leadership, HomeLight has expanded its presence in the real estate sector through technological advancements, acquisitions, and collaborative partnerships.
Products and services
HomeLight utilizes a proprietary algorithm that assesses real estate agents based on data drawn from more than 100 sources and nearly 30 million transactions across the United States. The system analyzes factors such as price brackets, neighborhoods, property categories, and agent experience to deliver precise matches for buyers and sellers. This data-centric methodology underpins HomeLight’s business strategy aimed at refining agent selection and strengthening its position within the real estate market.