Austin-based Real estate startup Homeward has landed $371 million in funding to grow its business, meet demand and expand into new markets.
Homeward said it has received $136 million in equity funding, led by Norwest Venture Partners and with participation from Blackstone, Austin’s Breyer Capital, along with existing investors Adams Street, Javelin and LiveOak Venture Partners.
The company said it has also raised $235 million in debt financing.
Homeward was founded in 2018 by CEO Tim Heyl, who also founded Heyl Group, an Austin-based real estate brokerage. The company’s platform helps users buy and sell their homes and currently operates in Texas, Georgia, and Colorado.
Heyl founded the company after working real estate and noticing a pattern where buyers couldn’t afford to buy a new home until they sold their existing home.