Homeward

Homeward

Provides cash offers for home sales

About Homeward

Simplify's Rating
Why Homeward is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Real Estate

Company Size

201-500

Company Stage

Series B

Total Funding

$480M

Headquarters

Austin, Texas

Founded

2018

Overview

Homeward provides a service in the real estate market focused on home buying and selling. The company offers cash offers to homeowners who want to sell their properties quickly, allowing them to receive funds without the delays typical of traditional sales. This service is particularly useful for those looking to buy a new home before selling their current one, as it enables them to make competitive offers and close deals swiftly. Homeward's business model involves purchasing homes at a price that allows for potential profit when reselling them, giving the company an advantage over competitors by facilitating fast and hassle-free transactions. The goal of Homeward is to streamline the home selling process and provide homeowners with the flexibility to transition to new homes efficiently.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased digital real estate platform adoption drives demand for Homeward's streamlined services.
  • Remote work trends boost demand for flexible home buying and selling solutions.
  • Growing popularity of cash offers in competitive markets gives Homeward a strategic advantage.

What critics are saying

  • Rising interest rates could hinder Homeward's ability to resell homes profitably.
  • Increased competition from similar real estate tech companies may erode Homeward's market share.
  • Real estate market downturns in key areas could impact Homeward's expansion and profitability.

What makes Homeward unique

  • Homeward offers cash offers, expediting home sales without sacrificing potential profit.
  • The company allows clients to buy new homes before selling their current ones.
  • Homeward partners with real estate agents to enhance client reach and service offerings.

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Funding

Total Funding

$480M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$136M
Homeward

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Company Match

Stock Options

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

-6%
VC News Daily
Nov 30th, 2023
Homeward Lands $105M

AUSTIN, TX, Homeward today announced it has secured growth capital of $105M, including $20M in equity and $85M in debt.

Drug Store News
Apr 18th, 2023
Three former Livongo executives launch a new health care provider focused on rural communities | Drug Store News

Homeward launched with an initial $20 million investment from General Catalyst and includes key executives from Livongo, including Amar Kendale, Dr. Bimal Shah and Schneider.

Home Sweet Home Group
Apr 11th, 2023
Backed By Cash with Homeward

Home Sweet Home Group is excited to be able to partner with Homeward to be able to provide you with more options when it comes to buying a new home.

PR Newswire
Jun 29th, 2022
Tim Heyl Awarded Ey Entrepreneur Of The Year® 2022 For Central South Region

Heyl was selected by an independent panel of judges that considered his entrepreneurial spirit, purpose, growth, and impact, among other core contributions and attributes. Forty-four finalists were selected, and fifteen were named winners for the Central South region. Heyl was the only entrepreneur with a company in the residential real estate space. "It's been a long-term mission of mine to make a difference in the lives of others, and I'm humbled that EY recognized me in a field of equally impressive and innovative entrepreneurs," Heyl says. "I am inspired every day by the entrepreneurial spirit and can-do attitude of the real estate agents we partner with. This award is a testament to them, the entire Homeward team, and our investors."

PR Newswire
Jun 28th, 2022
Homeward Launches In Oregon, Empowering Homeowners To Buy Before They Sell

Founded by Tim Heyl, an agent himself, Homeward offers the broadest set of solutions for both homebuyers and sellers."Homeward is helping real estate agents and their clients win in real estate — whether that's simply negotiating the best terms, or buying before listing and selling," says Tim Heyl, Homeward's CEO and Founder. "We want to streamline the entire transaction and make homeownership universally achievable, making it more economical and taking the stress away from the process. We look forward to partnering with agents and their clients in Portland and beyond to achieve this.". By partnering with real estate agents, Homeward will make a cash offer on behalf of the agent's client, eliminating the finance, home sale, and appraisal contingencies. This helps a home buyer's offer stand out and, when necessary, buy their new home before selling their old one. Clients then obtain a mortgage from Homeward or the client's preferred lender and buy the home back from Homeward

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