Overview

Homebound specializes in the home building sector of real estate, providing a personalized experience for customers looking to build their own homes. Customers can select their desired neighborhood, home floor plan, and exterior design, and secure their place in the building queue with a 3% deposit through a reservation system. Homebound manages the entire home building process, from design to construction, and collaborates with leading lending partners to offer competitive financing options. The company stands out from competitors by focusing on a customer-centric approach, ensuring a seamless experience with regular updates on the build progress. Additionally, Homebound offers a 10-year warranty on all homes, which enhances customer confidence in the quality of their investment. The goal of Homebound is to provide a hassle-free home building experience while maintaining adherence to budget and schedule, as reflected in the positive feedback from satisfied customers.

Simplify's Take

What believers are saying

• Homebound raised $75M in Series C funding to address housing shortages.
• Expansion to Austin, Texas, applies tech-enabled processes to non-disaster markets.
• Growing demand for remote work-friendly homes boosts custom home building projects.

What critics are saying

• Increased competition from tech giants in modular housing may challenge market share.
• Economic downturn could impact consumer spending on new homes, affecting sales.
• Rising interest rates may make financing more expensive, reducing demand for new builds.

What makes Homebound unique

• Homebound manages the entire homebuilding process, from insurance to move-in.
• The company offers a unique reservation system with a 3% deposit for home configuration.
• Homebound provides a 10-year warranty, ensuring quality and durability for customers.

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Funding

Total Funding

$144M

Above

Industry Average

Funded Over

5 Rounds

$75,000,000

Series C

Feb 2022

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$75M

$100M

View all funding stages