Homeward, an Austin startup that finances a home purchase before the buyer’s old house sells, has raised a $120M Series D led by Saluda Grade, Crunchbase News reports.
Continental General Insurance, Citi Ventures, Magnetar Capital, Norwest and LiveOak Ventures also joined. Homeward has now raised $360M in equity since its 2018 founding, and separately secured a $330M asset-backed debt facility to fund more transactions.
The company declined to give a valuation, saying it sits roughly where it stood after a $136M Series C in 2021, when reports put it just north of $800M.
Homeward works through real estate agents. Its Buy Before You Sell program extends short-term financing so a homeowner can close on the next property before listing the current one, with a guaranteed backup offer on the old house. A second program, Sell Before You List, buys the home outright, fixes it up and resells it, returning the profit to the owner after a fee.
Chief executive Tim Heyl pitches the model as an alternative to selling to an investor, which typically strips equity. The cash-offer product now reaches the 48 contiguous states.
The raise arrives as proptech funding thaws. Real estate startups have drawn about $12.7B so far in 2026, ahead of last year’s $12.3B but still far below the 2019 peak.
