Homeward, a U.S.-based IBuyer, has raised $105 million in debt and equity financing. The funding round comes as IBuyers across the U.S. resume transactions after being forced to halt operations in March.
The real estate startup pulled in $20 million in equity in the new round, which was led by Adams Street Partners. Other investors include Javelin Venture Partners and existing investor LiveOak Venture Partners. Undisclosed institutional lenders contributed $80 million in debt financing.
Founded in 2018 by former real estate broker Tim Heyl, Homeward operates in Georgia, Texas, and Colorado. The startup has raised $130 million to date, according to Crunchbase. While most IBuyers focus on making instant cash offers on customers’ existing homes, Homeward makes cash offers on the destination home.