HomeLight is a real estate referral company that empowers people to make smarter decisions during one of life's most important moments: buying or selling their home.
HomeLight develops AI-driven software and services for home buyers, sellers, and real estate agents.
HomeLight was founded in 2012 by Drew Uher. The company is headquartered in San Francisco, California, with offices in Seattle, Washingnton and Tempe, Arizona.
HomeLight works with a network of participating real estate brokers in various markets to which they refer customers. The company aims to connect people selling their homes with local real estate agents.
HomeLight provides recommendations for top-performing agents and steers folks looking to sell homes to its Simple Sale product, which taps into a network of over 70,000 preapproved agents and over 150 cash buyers who compete to buy.
HomeLight's algorithm ranks agents according to data including sales and agent records from over 100 sources and approximately 30 million transactions nationwide. The algorithm ranks agents by price range, neighborhood, property type and experience level.
HomeLight's technology crunches the numbers to determine which real estate agent or which instant offer company will get you the most money for your home. The company has a base of 449,000 customers and has driven over $17 billion of real estate business nationwide.
HomeLight is backed by Google Ventures, Zeev Ventures, Bullpen Ventures, Group 11, Menlo Ventures, Crosslink Capital and others. The company raised $109M from a debt and equity round on Nov 5, 2019. This latest financing brings HomeLight's total funding to $164.5M to date.