Homeward Raises $120M to Expand AI-Powered Proptech

Austin-based proptech startup Homeward has secured a $120 million Series D equity round alongside a $330 million asset-backed debt facility. Led by Saluda Grade, the equity round saw participation from Continental General Insurance Co., Citi Ventures, Magnetar Capital, Norwest, LiveOak Ventures, Adams Street Partners, Javelin Venture Partners, Harmony Partners, Era Ventures, and First American. The funding brings Homeward’s total equity raised since its 2018 inception to $360 million, maintaining a valuation similar to its 2021 Series C round of $136 million, which was valued just north of $800 million. The company is using the capital to expand its financing products and integrate large language models to automate property underwriting.

For real estate practitioners and underwriters, Homeward's integration of artificial intelligence represents a shift toward automated risk assessment. The company uses large language models to extract critical data from transaction documents and analyze property videos, photos, and inspection reports. This AI-driven workflow automatically identifies key details regarding a home's condition, including the state of its roof and heating and cooling systems. By reducing manual review times, the technology allows underwriters to process transactions faster, helping Homeward scale its cash-offer programs across the 48 contiguous states.

Homeward operates by partnering with more than 25,000 real estate agents, facilitating over $4 billion in transactions to date. Its core offerings include Buy Before You Sell, which charges a 1% program fee plus monthly interest, and Sell Before You List, which charges a flat program fee. Despite a 30% decline in U.S. home sales since 2021, Homeward has quadrupled its revenue by pivoting to cash-offer services. This growth comes amid a broader proptech recovery, with global real estate startups raising $12.7 billion so far in 2026, up from $12.3 billion last year, though still below the 2019 peak of $24 billion.