Flyhomes Valuation, Funding & Investors
Flyhomes is valued at $800M as of May 2021.
Last Flyhomes valuation
$800M
Series C · May 2021
Last Flyhomes funding round
$15M
Series D · Jul 2025
Cumulative funding Flyhomes raised
$205M
across 5 funding rounds
Key investors in Flyhomes
Andreessen Horowitz
Canvas Prime
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Mark VadonNorwest
Camber Creek
- Al Goldstein
About Flyhomes
Flyhomes is a San Francisco-headquartered real estate platform that combines brokerage, financing, and technology for home transactions in the US. It provides cash offers to sellers, mortgage services with 0.5% down payments, and agent matching in markets like Seattle, Austin, and Phoenix. Flyhomes has closed over $2 billion in volume and raised $800 million in funding. The company partners with title insurers and uses AI for property valuations. Launched in 2016, it operates in 20 states.
Founded
2016
HQ
Seattle, WAWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission, Subscription
Valuation
$800M (May 2021)
Flyhomes Valuation
Flyhomes is currently valued at $800M, based on its Series C in May 2021.
The $150M round was led by Battery Ventures and Norwest, with participation from Parker89, Camber Creek, Balyasny Asset Management, Vesta Ventures, Andreessen Horowitz and 4 other investors.
Flyhomes valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series C | $800M |
Flyhomes Funding History
Flyhomes has raised a total of $205M across 5 funding rounds.
Flyhomes' first fundraising round was a $2M seed round in October 2017. The most recent completed round was a $15M Series D in July 2025.
Flyhomes funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Series D | Camber Creek; Norwest; Andreessen Horowitz; Al Goldstein; Canvas Prime; Mark Vadon | $15M | - | Flyhomes, a Seattle-based real estate fintech founded in 2016, raised $15 million in a Series D funding round on July 31, 2025, backed by investors including Andreessen Horowitz, Norwest, Canvas Ventures (noted as Canvas Prime in query), Camber Creek, Al Goldstein, and Mark Vadon. The funding supports the company's pivot from a consumer-facing real estate platform to a wholesale lending provider, emphasizing its 'Buy Before You Sell' product that enables homeowners to purchase a new home before selling their current one by securing a backup offer to remove mortgage payments from debt-to-income calculations. In conjunction with the equity raise, Flyhomes secured a $200 million warehouse lending facility to support over $1 billion in annual loan originations. The company has raised $208 million in total equity funding to date, including a $150 million Series C in 2021, and has facilitated more than $7 billion in real estate transactions. Flyhomes recently sold its consumer home search technology and assets to The Real Brokerage to focus on B2B partnerships with loan officers and real estate agents. It holds lending licenses in 40 US states with plans to expand further. COO Adam Hopson noted strong growth in lending volume and revenue driving investor support for the wholesale strategy, though specific metrics were not disclosed. Flyhomes generates revenue through fees and interest on its financial products, with interest primarily passed to lending partners. |
| May 2021 | Series C | Battery Ventures (lead); Norwest (lead); Parker89; Camber Creek; Balyasny Asset Management; Vesta Ventures; Andreessen Horowitz; Fifth Wall; BAM Elevate; Canvas Prime; Spencer Rascoff | $150M | $800M | Flyhomes, a Seattle-based end-to-end residential real estate startup founded in 2016, raised $150 million in a Series C funding round announced on June 10, 2021, co-led by Norwest Venture Partners and Battery Ventures. Participants included Fifth Wall, Camber Creek, Balyasny Asset Management, Zillow co-founder Spencer Rascoff, Andreessen Horowitz, and Canvas Partners (noted as Canvas Prime or Ventures in some reports). Norwest's Lisa Wu and Battery's Roger Lee joined the board. The round brought total funding to approximately $310 million, following a $21 million Series B in 2019 and prior debt financing. Flyhomes provides services covering brokerage, mortgage, and closing, with a key product enabling buyers to make competitive all-cash offers backed by short-term financing from the company, which buys the home if the buyer backs out. It also offers guarantees for selling old homes at agreed prices within 90 days. The company earns from brokerage fees rather than flipping homes and operated in markets like Seattle, Bay Area, Los Angeles, San Diego, Portland, and Boston, planning expansion to Texas and the East Coast using the funds, alongside doubling headcount and integrating services. At the time, Flyhomes had facilitated over $2.5-$2.6 billion in home sales since inception, with transaction prices from $150,000 to $5 million, positioning it well amid rising U.S. home prices and competitive markets where over half of homes sold above asking and nearly half within a week. Later developments included a pivot away from consumer-facing brokerage toward B2B wholesale lending like 'Buy Before You Sell,' with $15 million raised in 2025 and over $7 billion in total transactions facilitated. |
| Aug 2019 | Series B | Canvas Prime (lead); Andreessen Horowitz | $21M | - | Flyhomes is a real estate brokerage startup that provides buyers with cash offers to compete in bidding wars, allowing them to make all-cash bids on new homes using Flyhomes' capital while handling financing. The company also offers a Trade Up service, guaranteeing sellers a floor price with a commitment to buy the home if it does not sell within 90 days, while listing it to maximize value and taking commissions on both buy and sell sides if needed. Unlike iBuyers that purchase homes directly, Flyhomes focuses on brokerage services with guarantees to enhance buyer competitiveness and seller security. On August 15, 2019, Flyhomes announced $141 million in total new funding, comprising a $21 million Series B equity round led by Canvas Prime (formerly Canvas Ventures) with participation from returning investor Andreessen Horowitz, plus $120 million in debt to finance its products. The company explicitly declined to disclose its valuation. Canvas Prime highlighted Flyhomes' traction, noting it had helped over 1,000 clients close on more than $1 billion in homes, outperforming traditional brokerages by 68% in competitive situations. Flyhomes was expanding to markets including Portland, Southern California, and Boston around this time, building on its Seattle base. The funding supported growth in its cash offer and Trade Up programs amid a wave of venture interest in real estate tech disruptors. Canvas Prime, managing nearly $500 million and focusing on Series A/B marketplace investments, praised Flyhomes' team and differentiated model. |
| May 2018 | Series A | Andreessen Horowitz (lead); Shasta Ventures; Mark Vadon | $17M | - | Flyhomes is a real estate technology platform founded in 2015 that provides financial solutions to streamline the home buying process. The company offers products including bridge lending, cash-backed offers, mortgage services, and brokerage services designed to give buyers and sellers flexibility and speed in transactions. In May 2018, Flyhomes raised $17 million in a Series A-II funding round, expanding its capital base to support product development and market expansion. The company has since grown significantly, reaching at least $310 million in total funding across multiple rounds through October 2025, demonstrating sustained investor confidence in the real estate technology sector. Flyhomes competes in a dynamic market alongside other proptech startups addressing inefficiencies in home buying and selling processes. |
| Oct 2017 | Seed | Mark Vadon (lead); Pritzker Group Venture Capital; Al Goldstein | $2M | - | - |
Who has invested in Flyhomes?
15 investors have backed Flyhomes across its funding rounds, including Andreessen Horowitz, Canvas Prime, Mark Vadon, Norwest, Camber Creek and Al Goldstein.
Lead investors include Battery Ventures, Norwest, Canvas Prime, Andreessen Horowitz and Mark Vadon.
Flyhomes Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | May 2018 | |
| San Francisco, CA | 3 | Lead | Aug 2019 | |
| Mark Vadon | Seattle, WA | 3 | Lead | Oct 2017 |
| Washington, DC | 2 | Participant | May 2021 | |
| San Francisco, CA | 2 | Lead | May 2021 | |
| Al Goldstein | Chicago, IL | 2 | Participant | Oct 2017 |
| Los Angeles, CA | 1 | Participant | May 2021 | |
| Chicago, IL | 1 | Participant | Oct 2017 | |
| Chicago, IL | 1 | Participant | May 2021 | |
| Boston, MA | 1 | Lead | May 2021 | |
| Washington, DC | 1 | Participant | May 2021 | |
| Los Angeles, CA | 1 | Participant | May 2021 | |
| New York City, NY | 1 | Participant | May 2021 | |
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Start Free TrialAcquisitions by Flyhomes
Flyhomes has acquired 2 companies to date.
Last acquisition by Flyhomes was on June 11th 2024. Flyhomes acquired ZeroDown for undisclosed valuation.
Latest Acquisitions by Flyhomes
| Description | ZeroDown is a San Francisco-headquartered real estate platform offering lease-to-own homes for first-time buyers. Buyers select properties and pay rent that builds equity toward purchase, with flexible terms up to five years. The service handles property sourcing, renovations, and financing. Launched in 2018, ZeroDown operates in select California and Texas markets. | Loftium is a Seattle-headquartered proptech firm launched in 2016, offering renters up to 50% rent discounts in exchange for hosting Airbnb rooms in separable home spaces. It manages listings, furnishing, and payouts to landlords on three-year leases in high-cost cities like San Francisco. |
| HQ Country | | |
| HQ City | San Francisco, CA | Seattle, WA |
| Deal Date | 11 Jun 2024 | 13 Feb 2023 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Flyhomes acquisitions and their M&A valuation multiples. Start Free Trial | ||
Flyhomes Competitors
Flyhomes competitors include listed companies like Real Brokerage and PEXA Group, and private ones like HomeLight, Street Group, Loft and Homeday.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Publicly listed | $2B | ($6M) | $638M | 0.2x | |
| Phoenix, AZ | Private | $300M | - | $1.7B | 5.7x | |
 Manchester | Private | - | - | $266M | - | |
 São Paulo | Private | - | - | $2.9B | - | |
 Berlin | Private | - | - | $113M | - | |
 Australia | Publicly listed | $285M | $100M | $861M | 3.4x |
Flyhomes Public Comps
Flyhomes is still privately-owned, but its public comps include Dine, Hangzhou Jiebai Group, PEXA Group, Morguard, GAG Immobilien, Fundamenta Real Estate, Alliances Developpement, eXp World Holdings, Real Brokerage and G City.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $173M | $33M | 5.0x | - | 26.5x | - | |||
| $253M | $98M | 1.3x | - | 3.4x | - | |||
| $285M | $100M | 3.4x | 3.4x | 9.8x | 9.3x | |||
| $792M | $340M | 6.6x | 6.8x | 15.5x | 14.4x | |||
| $536M | $200M | 7.0x | - | 18.8x | - | |||
| $52M | - | 28.5x | 17.3x | - | 21.3x | |||
| $257M | $61M | 4.1x | 4.0x | 17.2x | 15.9x | |||
| $4.8B | ($11M) | 0.1x | 0.1x | (50.5x) | 11.1x | |||
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Common questions about Flyhomes
| When was Flyhomes founded? | Flyhomes was founded in 2016. |
| Where is Flyhomes headquartered? | Flyhomes is headquartered in Seattle, WA, United States. |
| Is Flyhomes publicly listed? | No, Flyhomes is a private, VC-backed company. |
| What is Flyhomes' valuation? | Flyhomes was last valued at $800M in its Series C in May 2021. |
| How much funding has Flyhomes raised? | Flyhomes has raised $205M across 5 funding rounds. |
| What was Flyhomes' last funding round? | Flyhomes' last funding round was a $15M Series D in July 2025. |
| Who are Flyhomes' investors? | Flyhomes' investors include Andreessen Horowitz, Canvas Prime, Mark Vadon, Camber Creek, Norwest, Al Goldstein, Parker89, Pritzker Group Venture Capital, Balyasny Asset Management, Battery Ventures and 5 others. |
| Which companies are comparable to Flyhomes? | Companies comparable to Flyhomes include Real Brokerage, HomeLight, Street Group, Loft, Homeday and PEXA Group. |
| How many companies has Flyhomes acquired? | Flyhomes has acquired 2 companies, including ZeroDown and Loftium. |
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