Homeward Secures $120 Million in Series D Funding

Homeward has recently secured $120 million in Series D equity financing, accompanied by a $330 million asset-backed debt facility. Led by Saluda Grade, the equity round included prominent investors such as Continental General Insurance Company, Citi Ventures, Magnetar, Norwest, and Harmony Partners. In total, the company has raised $360 million in equity since 2018, using the funds to enhance its financing products, platform technology, and expand across the 48 contiguous states.

Homeward assists homeowners in managing the complexities of buying and selling properties, offering solutions to remove home-sale contingencies and provide faster access to home equity. The company's Buy Before You Sell product allows homeowners to purchase another property before selling their existing one, combining short-term bridge financing with a guaranteed backup offer.

Homeward's Cash Offer solution offers homeowners certainty and potential upside when their property is resold, while Buy with Cash enables buyers to make competitive cash-backed offers, which can later be refinanced into a traditional mortgage.

The $330 million asset-backed debt facility further supports Homeward's transaction-based business model, facilitating more residential transactions and nationwide expansion. Homeward has partnered with over 25,000 real estate agents, facilitating more than $4 billion in residential real estate transactions. The company's platform also includes Homeward Mortgage and Homeward Title services, which connect financing and transaction services within a single experience.

As the housing market evolves, Homeward is committed to providing solutions that improve certainty throughout the transaction process, addressing challenges involving timing, purchasing power, and access to home equity.