Homeward, an Austin, Texas-based company that provides cash offers and bridge financing to people buying and selling homes, has raised $120m in Series D equity led by Saluda Grade. It also secured $330m in asset-backed debt facilities, giving it $450m in new capital. Crunchbase News reported the round on 1 October 2026.
Homeward did not disclose its valuation. It told Crunchbase News that the figure is similar to its 2021 valuation, which was reported at the time as just over $800m. The company, founded in 2018, has now raised $360m in equity since it started.
“AI has been huge for streamlining operations and underwriting.”Tim Heyl, Founder and CEO, Homeward
Who invested
Saluda Grade, an alternative investment firm that specialises in asset-backed credit, led the round. It is the firm's first investment in Homeward. Continental General Insurance Company, Citi Ventures, Magnetar, Norwest, LiveOak Ventures, Adams Street Partners, Javelin Venture Partners, Harmony Partners, Era Ventures and Parker89 also took part, according to Pulse 2.0. Crunchbase News also listed First American among the participants.
John Stepp, who runs Saluda Grade's growth equity fund, told Crunchbase News that the investor was persuaded by how well Homeward's team understood the problems it set out to solve.
What Homeward does
Homeward sells through real estate agents rather than directly to consumers. Founder and chief executive Tim Heyl told Crunchbase News that the company does not advertise or market to home buyers. More than 25,000 agents have partnered with it, and it has facilitated more than $4bn in residential property transactions.
Its main product, Buy Before You Sell, gives homeowners short-term financing to buy a new home before selling their current one, together with a guaranteed backup offer on the existing property. Crunchbase News reported that it costs a 1% program fee plus monthly interest. A cash offer product buys a home outright and closes in weeks; Homeward then renovates and resells the property and shares the upside with the original owner. A third product, Buy With Cash, lets buyers make cash-backed offers and refinance into a standard mortgage after closing. The company also runs its own mortgage and title businesses.
What the money is for
Homeward said the equity will go towards expanding its cash offer and bridge financing products, improving its technology platform and growing across the 48 contiguous US states, where it is already rolling out cash offers. It plans to make Buy Before You Sell available nationwide by the end of the year. The debt facilities will mainly fund more home transactions.
Heyl also told Crunchbase News that the company uses AI to reduce manual work in transaction processing and property underwriting.
The funding so far
Homeward's previous round was a $136m Series C in 2021. Heyl said revenue has more than quadrupled since then, even though, by his estimate, US home sales have fallen by roughly 30%. The company did not disclose revenue figures.
The round lands in a year of steady investment in property technology. Global proptech startups have raised about $12.7bn so far in 2026, compared with $12.3bn in the whole of 2025, according to Crunchbase data.
Company website: homeward.com