HomeLight is an American real estate technology company based in San Francisco. The company aims to connect people selling their homes with local real estate agents. HomeLight has listed over $3 billion in homes since its foundation in 2012. The company was founded with an initial investment by Google Ventures. HomeLight raised a total of $55 million in funding since its establishment. The company analyzes over two million real estate agents with its algorithm based on specialty and qualifications.
Video HomeLight
History
HomeLight was founded in 2012 by Drew Uher, the company's CEO, after he and his wife had difficulty researching agents based on needs or qualifications. The business, which was originally aimed at buyers, focuses on sellers.
In February 2015, the company received $3 million in funding led by Bullpen Ventures, with participation from Montage Ventures, Crosslink Capital, Krillion Ventures, 500 Startups and Western Technology Investment. In 2016, HomeLight received $11 million in funding from Zeev Ventures. By 2017, the company had raised a total of $15.5 million from investors. In August 2017, HomeLight raised $40 million in Series B funding in a round led by Menlo Ventures with participation from Citi Ventures, as well as previous investors Zeev Ventures, SGVC, Crosslink Capital and Innovation Endeavors.
In January 2018, HomeLight announced a partnership with Yelp to add data from HomeLight's algorithm to Yelp's Home Services listings.
Maps HomeLight
Overview
HomeLight's algorithm ranks agents according to data including sales and agent records from over 100 sources and approximately 30 million transactions nationwide. The algorithm ranks agents by by price range, neighborhood, property type and experience level. Some real estate agents have reported they feel HomeLight is biased in favor of realtors who sign a referral agreement with them. HomeLight claims their algorithm ranks agents regardless of agreement status and the agent pays a service fee only after the transaction is complete.
References
External links
- Official website
Source of article : Wikipedia
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