Homelight, a component of the Prime Unicorn Index, authorized a new Series D-2 on August 6, 2024, which is priced about 38.7% lower than its Series D and D-1 preferred price. The Prime Unicorn Index is the first to cover this filing.
Homelight is a real estate technology company that aims to simplify the home buying and selling process. It offers various services, including connecting homeowners with top real estate agents, providing home value estimates, and facilitating cash offers on homes.
The company last raised a $100 million Series D round in August 2021. This gave Homelight a post-money valuation of $1.7 billion at $18.40 PPPS. Investors include Menlo Ventures, Citi Ventures, Google Ventures (GV), Zeev Ventures, Bullpen Capital, 500 Startups, Innovation Endeavors, Group 11, Montage Ventures, and others.
The new Series D-2 was authorized at a price of $11.28, valuing the company at approximately $1.03 billion on a pre-money basis.
In other news, many popular companies in the secondary markets are performing well. According to Caplight data, index components Rippling, Anduril, SpaceX, and Cerebras have all seen their share prices rise from secondary trades in recent weeks.