Homeward Raises $450 Million in Equity and Debt Financing to Expand Real Estate Financial Solutions
Homeward, a proptech company specializing in cash-backed real estate financing solutions, has secured $120 million in equity funding and an additional $330 million in asset-backed debt facilities. The capital will be used to expand the company's cash offer and bridge financing services for real estate agents and their clients across 48 contiguous U.S. states. The Series D round was led by Saluda Grade, with participation from several other investors including Continental General Insurance Company, Citi Ventures, Magnetar, and others. Homeward aims to enhance its technology platform that supports home buying and selling processes while addressing challenges such as prolonged home sales in the current market environment. Homeward's financing solutions include options like Buy Before You Sell, Cash Offer, and Buy with Cash, which help remove contingencies from transactions and provide greater flexibility for buyers and sellers. The company also integrates mortgage and title services into its platform to streamline real estate transactions.
Topics: Debt Financing Financing Solutions Proptech Real Estate