Nearly two weeks ago, we reported that HomeLight had authorized a Series D-2 down round. On August 26, the company announced it had raised $20 million in new funding.
This Series D-2 raise was led by Zeev Ventures, with participation from Stereo Capital and Menlo Ventures, among others. The funding was reported to be intended to expand Zeev Ventures’ flagship product, Buy Before You Sell. This product uses AI to allow individuals to unlock equity from their existing homes and begin making offers on a new one on the same day.
As mentioned in the previous article, this round was priced about 38.7% lower than its Series D and D-1 rounds. This values Homelight at $1.06 billion on a post-money valuation basis, down from its previous valuation of $1.7 billion.