Homeward Valuation, Funding & Investors
Homeward is valued at $800M as of May 2021.
Last Homeward valuation
$800M
Series B · May 2021
Last Homeward funding round
$136M
Series B · May 2021
Cumulative funding Homeward raised
$160M
across 3 funding rounds
Key investors in Homeward
LiveOak Ventures
Adams Street Partners
Javelin Venture Partners
Norwest
Blackstone
Breyer Capital
About Homeward
Homeward is an Austin, Texas-headquartered real estate technology firm that issues cash offers to homebuyers. The platform allows agents to help clients purchase desired properties without contingencies while selling existing homes at market value post-close. Operating in Texas, Georgia, and Colorado, Homeward manages transactions through its mortgage subsidiary and title services. The company aims for nationwide expansion, streamlining the buying process for over 10,000 transactions with integrated financing and relocation support.
Founded
2018
HQ
Austin, TXWebsite
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Services
Valuation
$800M (May 2021)
Sectors
Homeward Valuation
Homeward is currently valued at $800M, based on its Series B in May 2021.
The $136M round was led by Norwest, with participation from Breyer Capital, Adams Street Partners, Blackstone, LiveOak Ventures and Javelin Venture Partners.
Homeward valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series B | $800M |
Homeward Funding History
Homeward has raised a total of $160M across 3 funding rounds.
Homeward's first fundraising round was a $4M seed round in July 2019. The most recent completed round was a $136M Series B in May 2021.
Homeward funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2021 | Series B | Norwest (lead); Breyer Capital; Adams Street Partners; Blackstone; LiveOak Ventures; Javelin Venture Partners | $136M | $800M | Homeward is a modern home finance company based in Austin, Texas, founded in 2018 by Tim Heyl, a former real estate agent, to help homebuyers win with cash offers and overcome traditional mortgage limitations. The company provides 'Buy Before You Sell' services, enabling buyers to purchase new homes before selling old ones by eliminating finance, home sale, and appraisal contingencies, while partnering with real estate agents. It also operates in-house mortgage and title companies for streamlined transactions and functions with a fully remote workforce. On May 27, 2021, Homeward announced $371 million in total growth capital, comprising $136 million in Series B equity led by Norwest Venture Partners, with participation from Blackstone Alternative Asset Management, Breyer Capital, and existing investors Adams Street Partners, Javelin Venture Partners, and LiveOak Ventures, plus $235 million in debt. This funding valued the company at over $800 million (or just north of $800 million), supporting expansion into new markets beyond Texas, Colorado, and Georgia, scaling service amid high housing demand, hiring to grow from 220 employees to 500 by year-end and 1,000 in 2022, and integrating software for approvals, offers, and closings. Traction included a 5x year-over-year increase in homes sold and 9x in customers by March 2021, with surging business during the pandemic as buyers sought homes with home offices and amenities. Norwest's Jeff Crowe joined the board, highlighting Homeward's innovation at the real estate-fintech intersection as an alternative iBuyer model focused on agent partnerships. The round positioned Homeward for rapid scaling in a competitive market, with plans to hire over 250 employees in 2021 alone and enhance its one-stop-shop offerings for agents and clients. |
| May 2020 | Series A | Adams Street Partners (lead); LiveOak Ventures; Javelin Venture Partners | $20M | - | Homeward is an Austin-based real estate technology startup founded in late 2018 by former broker and title company owner Tim Heyl. The company enables homebuyers to make non-contingent all-cash offers on new homes by providing financing based on their current home's equity, along with a floor-price guarantee if the existing home sells below market value. This addresses the challenge faced by 43% of buyers who must sell their current home before purchasing the next, allowing agents to partner with Homeward for faster transactions. In May 2020, the 18-month-old startup raised $20 million in an equity funding round led by Adams Street Partners, with participation from Javelin Venture Partners and existing investor LiveOak Venture Partners. This equity round was part of a larger $105 million financing package that also included $85 million in debt from unnamed institutional lenders. The funds were intended to purchase more homes for customers, significantly expand the team from 33 employees, grow agent partnerships, and deepen operations in Texas, Colorado, and Georgia, with plans for nationwide expansion. At the time, Homeward had demonstrated strong traction with agent partners exceeding expectations, continued customer demand despite COVID-19 volatility and low housing inventory, and impressive growth noted by investors. This marked the company's second equity raise, following a $4 million equity and $21 million debt round about 10 months earlier, bringing total equity to $24 million and debt to $106 million. Adams Street Managing Partner Jeffrey Diehl joined the board, citing the team's industry experience and performance. |
| Jul 2019 | Seed | LiveOak Ventures (lead); Michael Lam; Ben Rubenstein | $4M | - | Homeward is an Austin-based real estate tech startup founded in 2018 by Tim Heyl that enables homeowners to make all-cash offers on new homes using upfront credit for their existing home equity, with a floor price guarantee if unable to sell. The company charges a fixed 1.9% fee on the purchase price and operates in Texas, Georgia, and Colorado. In July 2019, Homeward raised $4 million in equity funding led by LiveOak Venture Partners, with participation from founders of Opcity, ApartmentList, and other real estate tech startups, alongside $21 million in debt from Genesis Capital and Keystone Bank, for a total of $25 million. The funds support product development, web and mobile improvements, team expansion by 50%, and scaling in existing markets. Homeward reported 20-30% month-over-month revenue growth in 2019 and doubled its team size in the first half of that year. |
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Who has invested in Homeward?
8 investors have backed Homeward across its funding rounds, including LiveOak Ventures, Adams Street Partners, Javelin Venture Partners, Norwest, Blackstone and Breyer Capital.
Lead investors include Norwest, Adams Street Partners and LiveOak Ventures.
Homeward Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Austin, TX | 3 | Lead | Jul 2019 | |
| Chicago, IL | 2 | Lead | May 2020 | |
| San Francisco, CA | 2 | Participant | May 2020 | |
| San Francisco, CA | 1 | Participant | May 2021 | |
| New York City, NY | 1 | Participant | May 2021 | |
| San Francisco, CA | 1 | Lead | May 2021 | |
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Start Free TrialHomeward Competitors
Homeward competitors include listed companies like LendInvest and Parvis Invest, and private ones like Avenue One, Nesto, Snapdocs and GROUNDFLOOR.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | - | - | $1B | - | |
 Montreal | Private | $300M | - | $1.1B | 3.5x | |
| San Francisco, CA | Private | $152M | - | $1.5B | 9.9x | |
| Atlanta, GA | Private | - | - | $235M | - | |
 United Kingdom | Publicly listed | $139M | $47M | $54M | 20.9x | |
| Canada | Publicly listed | $2M | ($818K) | $7M | - |
Homeward Public Comps
Homeward is still privately-owned, but its public comps include MFA Financial, RFA Financial, Centuria Capital, Deutsche Pfandbriefbank, Enity Holding, SHL Finance, Walker & Dunlop, Eqdom, Amlak International and Valora CRI CDI Fundo de Investimento Imobiliário.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $299M | - | 24.2x | 30.2x | - | - | |||
| $172M | ($66M) | 8.4x | - | (21.9x) | - | |||
| $44M | - | 27.5x | 5.4x | - | 9.0x | |||
| $481M | - | 1.1x | 1.2x | - | - | |||
| $133M | - | 8.2x | 6.7x | - | - | |||
| $54M | - | 21.1x | - | - | - | |||
| $1.2B | $318M | 2.7x | 2.6x | 10.6x | 12.7x | |||
| $207M | - | 4.2x | - | - | - | |||
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Common questions about Homeward
| When was Homeward founded? | Homeward was founded in 2018. |
| Where is Homeward headquartered? | Homeward is headquartered in Austin, TX, United States. |
| Is Homeward publicly listed? | No, Homeward is a private, VC-backed company. |
| What is Homeward's valuation? | Homeward was last valued at $800M in its Series B in May 2021. |
| How much funding has Homeward raised? | Homeward has raised $160M across 3 funding rounds. |
| What was Homeward's last funding round? | Homeward's last funding round was a $136M Series B in May 2021, led by Norwest. |
| Who are Homeward's investors? | Homeward's investors include LiveOak Ventures, Adams Street Partners, Javelin Venture Partners, Breyer Capital, Blackstone, Norwest, Michael Lam and Ben Rubenstein. |
| Which companies are comparable to Homeward? | Companies comparable to Homeward include Avenue One, Nesto, Snapdocs, GROUNDFLOOR, LendInvest and Parvis Invest. |
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