Santa Rosa-based proptech company Homebound announced Tuesday that it raised $75 million in Series C financing. The round was led by Khosla Ventures and also included hundreds of millions in debt financing from Goldman Sachs, according to TechCrunch.
Homebound got its start in 2018 with a mission to rebuild homes that were destroyed by California wildfires. The startup provides prospective homeowners with an end-to-end financing and construction solution. Homebound’s building process is preceded by a consultation, and in order to stay budget-friendly, the company offers its users a wide range of financing options.
From there, customers can choose to work directly with an architect or select a floor plan from Homebound’s extensive library. The company then locates a building lot and supervises construction to ensure everything is built to code. Users can keep tabs on their budget, building schedule and other important updates with the platform’s homeowner portal. Housing options can cost anywhere between $500,000 and $1.5 million.
Although access to the proptech platform is currently limited to customers living in California and Texas, Homebound has plans to expand. Following the latest raise, the company has its sights set on tackling Colorado and Florida.
Homebound’s market reach isn’t the only thing set to expand. The company is also hiring for its internal team. Homebound is now hiring for 30 open tech roles spanning its finance, operations, people and engineering teams, to name a few. The proptech platform is seeking out Bay Area-based job candidates, but several of the positions up for grabs are available for remote work.
Homebound has raised $128.2 million in venture capital financing to date, according to Crunchbase.
