HomeLight Raises $109 to Match Home Buyers With Sellers

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Homelight, a data based real estate matchmaker, has announced it has received new funding.

CNBC, a cable TV business network, reported Tuesday morning that the startup raised $109 million in funding, with $63 million coming from a Series C equity fund from leading investor Zeev Ventures, and participating investors Stereo Capital, Menlo Ventures, Group 11, and Crosslink Capital. The remaining $46 million in additional funds provided will be used to power mortgage operations.

HomeLight acts as a “meta layer” which sits on top of a bundle of new real estate offerings designed to make buying and selling homes an easier process for the consumer. According to CNBC, HomeLight analyzes more than 40 million real estate transactions and approximately 1.4 million agent profiles from top brokerages for every transaction.

“This latest round of financing represents a significant vote of confidence” in its goal of building the real estate transaction platform of the future, according to HomeLight CEO and founder Drew Uher, to CNBC. “We’re building the Amazon of real estate…the opportunity for change in the space is pretty incredible.”

HomeLight launched operations in 2012.