The next step in our growth: Flyhomes raises $150M in Series C financing

Buying a home you love should be exciting, not stressful. That simple concept has been at the heart of Flyhomes since we launched in 2016 and it continues to drive us as we grow. We’re excited to share that we’re now able to help even more homebuyers in this record-setting housing market. 

We raised $150M in a Series C round co-led by venture capital firms Norwest Venture Partners and Battery Ventures, with additional participation from Balyasny Asset Management, Fifth Wall, Trustbridge Partners, Camber Creek, Zillow co-founder Spencer Rascoff, and existing investors Andreessen Horowitz and Canvas Ventures

As part of the transaction, Lisa Wu of Norwest Venture Partners and Roger Lee of Battery Ventures will join our Board of Directors. 

Putting people first has carried us through buying and selling $2.6 billion in homes so far. We’re thrilled that we’ve been able to simplify the process for thousands of homebuyers so they can win in competition, save money, and finish faster. 

  • Our homebuyers are four times more likely to win in a bidding war than buyers working with traditional agents.* 
  • Flyhomes buyers win without being the highest bidder more than half the time, and the savings on the home sales price versus the highest competing offer is 2.4% on average and can be as high as 10%.**
  • You can move into your new home in 10 days with Flyhomes—35 days sooner than in a traditional setting. ***

The new funding will help us work with more homebuyers in our current markets of Seattle, the Bay Area, Los Angeles, San Diego, Portland, and Boston, to launch new markets, and to continue to innovate. 

The first five years of Flyhomes are behind us and there are many more to come! At this moment in our story, we’re thankful for so many people who have helped us grow—especially the homebuyers who have chosen to work with us. Thank you all! 

Want to know more? We’re in the news!

And our new investors are sharing, too!

Read our press release for additional detail.

* Flyhomes analysis of all offers in 2021 on which Flyhomes submitted a bid

** Flyhomes 2020 internal data

*** (November 2, 2020). “How long does it take to close on a house?” Quicken Loans.