Funding round
Homeward Series B
Homeward, which works in cash home buying services in Austin, raised $371M in a Series B round announced on 26 May 2021, led by Norwest. 6 firms took part. It is Homeward's second venture round on record; the one before was a Growth in May 2020.
$371M
Amount raised
of which $235M debt
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Homeward did not disclose a valuation in this round. It came 12 months after Homeward's Growth. It is 78% of the $476M Homeward has raised in the venture rounds on record. No later venture round is on record for Homeward.
Homeward's funding rounds
Homeward has 2 venture rounds on record. This one is highlighted.
- Growth 14 May 2020, led by Adams Street Partners $105M
- Series B this round 26 May 2021, led by Norwest $371M
Investors
Who put money in
Norwest led the round with 5 other firms.
Lead investor
- Norwest backs 215 venture-backed companies new investor
Also in the round
- Blackstone backs 83 venture-backed companies new investor
- Breyer Capital backs 85 venture-backed companies new investor
- Adams Street Partners backs 61 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- backs 51 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Mortgage Brokers, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mortgage Brokers | 10 Jun 2021 | $63M | not disclosed | not named |
| Mortgage Brokers | 1 Jan 2022 | $34M | not disclosed | not named |
| Payment Processing & Point of Sale | 11 May 2021 | $190M | not disclosed | Coatue |
| Biotechnology | 3 May 2021 | $110M | $366M | EcoR1 Capital and Farallon |
| Tech Companies | 27 May 2021 | $100M | $500M | Greenoaks |
| Tech Companies | 27 May 2021 | $90M | not disclosed | Leaps by Bayer |
| Tech Companies | 20 May 2021 | $85M | $600M | Lakestar and Tiger Global |
| Cellares Pharmaceutical Products | 5 May 2021 | $82M | not disclosed | Decheng Capital and Eclipse |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Homeward raise in its Series B round?
Homeward raised $371M in its Series B round, announced in May 2021.
Who led Homeward's Series B round?
Norwest led it, with Blackstone, Breyer Capital, Adams Street Partners, Javelin Venture Partners and LiveOak.
What was Homeward's valuation at the Series B round?
It was not disclosed.