# Homebound

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/homebound

- Industry: Construction
- Headquarters: Santa Rosa, US
- Website: www.homebound.com
- Total disclosed funding: $128M
- Latest round: Series C (Feb 15, 2022)
- Investors on record: 9

## About

Homebound Inc., based in the US, specializes in tech-enabled homebuilding, providing both finished and customizable homes primarily in the Los Angeles area.Founded in 2017 in Santa Rosa, US, Homebound Inc. is a homebuilding company that offers innovative tech solutions for home construction. The company was co-founded by Andrew Dudum, John Meyer, Nikki Pechet, Tom Obrien, and Twinkle Mathur. Homebound has received a total amount raised of USD 75.00 mn through multiple funding rounds, with the most recent funding round being a Series C led by Khosla Ventures on February 15, 2022. The current company valuation stands at USD 661.03 mn.Homebound specializes in tech-enabled homebuilding, offering a unique blend of finished homes and customizable new homes for sale primarily in the Los Angeles area. Their core offerings include a range of floor plans designed for intentional living, allowing clients to select or personalize their homes with modern designs that merge traditional aesthetics with contemporary sensibilities. Homebound’s service extends beyond mere construction; they provide an interactive configuration process that empowers customers to choose from various layouts, exteriors, and customization options, all facilitated through a user-friendly digital platform. This model primarily targets homeowners looking for personalized housing solutions, particularly those rebuilding after disaster events, such as the recent fires in Los Angeles. Furthermore, Homebound seeks to expand its reach into other metropolitan markets, enhancing its service delivery through strategic partnerships, including an exclusive collaboration with Yardzen, which offers digital landscape design services to their clientele.Homebound's revenue structure is driven by direct-to-consumer transactions, where clients pay a deposit to initiate the homebuilding process, followed by structured payments throughout the construction phase. The typical transaction involves a 3% deposit to reserve a home configuration, with subsequent payments tied to key milestones in the building timeline. This structure supports a transparent pricing model that allows clients to stay within their budget while ensuring high-quality delivery of their personalized homes. Revenue generation is further supplemented by the partnership with Yardzen, which provides added services that enhance the overall customer experience in outdoor landscaping. While specific pricing plans are not disclosed, Homebound's focus on customization and customer satisfaction positions them favorably within the competitive homebuilding market.In February 2022, Homebound Inc. raised venture debt funding from Goldman Sachs Asset Management, as part of a larger USD 75.00 mn Series C round. The company plans to allocate this funding towards expanding its inventory and market, which aligns with its strategy for future growth. Homebound aims to introduce new home product offerings designed for modern living, though specific release dates have not been disclosed. The company also intends to expand into additional metropolitan markets, with plans to enhance market presence and service delivery through strategic partnerships.

## Funding rounds

- Series C, Feb 15, 2022, $75M — Khosla Ventures, Forerunner Ventures, GV, Thrive Capital, Gaingels, Fifth Wall Ventures, IRONGREY, Deep Park Road
- Series B, Aug 1, 2019, $35M — Khosla Ventures, Forerunner Ventures, GV, Thrive Capital, Fifth Wall Ventures
- Series A, Dec 1, 2018, $18M — Khosla Ventures, Forerunner Ventures, GV, Thrive Capital, Sound Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C
- Forerunner Ventures (https://capitalatlas.ai/funds/forerunner-ventures) — Series A, Series B, Series C
- GV (https://capitalatlas.ai/funds/gv) — Series A, Series B, Series C
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series A, Series B, Series C
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series A
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series B, Series C
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series C
- IRONGREY (https://capitalatlas.ai/funds/irongrey) — Series C
- Deep Park Road — Series C