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Real Estate Startup Homeward Raises $371 Million, Landing Valuation Above $800 Million
Homeward
Real estate financing startup Homeward completed a $371 Million Series B round that values the three-year-old business at more than $800 million. The round, which included $136 million of equity funding and $235 million in debt financing, comes as continued demand for housing has led to a boom in all-cash offers.
Similar to i-buying firm Opendoor, the startups Ribbon and Accept.inc and a host of other new companies, Homeward provides cash to buyers so they can submit the most competitive possible offers, or buy a new property prior to selling their existing home.