Real Estate Home-Buying Platform Start-Up Raises $25M

Homeward, a start-up real-estate technology company in Austin, raised $25 million to build out a new platform for buying and selling houses. The Austin company secured $4 million in equity funding led by LiveOak Venture Partners, and $21 million in debt, courtesy of Genesis Capital and Keystone Bank. Opcity and Apartment List also participated in the investment round.

Homeward’s premise is to provide homebuyers cash to secure new homes upfront, rather than selling an existing home, and rushing to find a new one. The company lets “buyers use our cash to secure their next home first,” Homeward founder Tim Heyl told the Austin American-Statesman. “Then, they can take their time and sell their existing home for its full market value.” The Homeward service charge is a fixed 1.9% of the purchase price.

The platform is currently available in Texas, Georgia and Colorado.

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