FlyHomes
Facts
- HQ
- Seattle, United States
- Sectors
- Financial Services
- Founded
- 2016
- Employees
- 201
- Total raised
- $196.8M SEC Form D filings Total of this company's SEC Form D filings
- Last round
- $8.7M · Dec 2024 SEC Form D
- Founders
- Tushar Garg, Ryan Dibble
Asic Demberel leaves Amazon for CTO role at Scala; Flyhomes hires Moynihan, Nirmal, Tieu; Heinz Marketing names Jenn Steele COO
Several Pacific Northwest companies announced leadership moves: Asic Demberel left Amazon after 15 years to become CTO of Scala, Flyhomes added three senior hires (Tyler Moynihan, Nihit Nirmal, Wendy Tieu), and Heinz Marketing appointed Jenn Steele as COO and president.
Flyhomes Adds Zillow Veteran Tyler Moynihan and Two Others, Including VP of Product Nihit Nirmal, to Expand Buy Before You Sell Platform
Flyhomes strengthens its Buy Before You Sell platform by adding three senior hires, led by former Zillow executive Tyler Moynihan, and bringing in Nihit Nirmal as VP of Product and Wendy Tieu returning as Director of Partner Enablement.
Tushar Garg - Co-Founder and CEO of Flyhomes
Tushar Garg is the Co-Founder and CEO of Flyhomes, a next-generation residential real estate financial solutions company that empowers agents and loan officers with exclusive buy-before-you-sell solutions, enabling buyers to move before they sell with less stress and more certainty. He has led Flyhomes through multiple funding rounds to Series D, evolved the company from a D2C model to a B2B2C platform, and expanded into innovative financial products and nationwide wholesale lending. Prior to founding Flyhomes, Tushar held roles at Microsoft and McKinsey. See omnystudio.com/listener for privacy information.
Seattle Startup Radar Highlights AI-Driven Ventures Like The Carry’s $299 Fitness Vest and Color42’s Music Video AI with 1,000 Users
Several Seattle-area startups led by founders such as Esther Sedgwick of The Carry and Prince Bajracharya of Color42 are leveraging AI across diverse sectors including fitness, music marketing, and autonomous debugging. These companies are at early stages with products launching this year and are receiving feedback from a GPT-powered critic called 'Mean VC' to refine their market strategies.
Seattle Startup Desk Raises $800,000 to Automate Real Estate Contract Work with AI
Seattle startup Desk has raised $800,000 to use AI for automating real estate contract administration, helping over 500 agents streamline paperwork with high accuracy. The company leverages recent AI advancements to offer 'better-than-human' contract processing, accelerating agent workflows without replacing them.
Flyhomes Exits Brokerage Business to Focus on 'Buy Before You Sell' Financing with $15M Series D Funding
Seattle-based Flyhomes is exiting its real estate brokerage business to concentrate on its 'Buy Before You Sell' financing product, supported by a $15 million Series D round. The company is transitioning its agents to The Real Brokerage and expanding its financing offerings nationwide through a large network of loan officers.
Flyhomes Raises $15M to Pivot from Consumer Platform to Wholesale 'Buy Before You Sell' Lending Across 40 States
Seattle-area real estate startup Flyhomes raised $15 million to pivot from a consumer real estate platform to a wholesale lending model focused on its 'Buy Before You Sell' product, partnering with loan officers and agents to offer services in 40 states. The shift follows Flyhomes' previous consumer-facing brokerage and financing model, aiming to expand its reach while having raised $208 million to date.
The Real Brokerage Acquires Flyhomes’ AI Home Search Technology as Flyhomes Focuses on Wholesale Mortgage Lending
Flyhomes sold its AI-powered home search technology and related assets to The Real Brokerage to focus on growing its wholesale mortgage lending business, specifically its 'Buy Before You Sell' offering. The Real Brokerage acquired the technology with cash and made a strategic equity investment in Flyhomes to support this transformation.
Seattle Startup Inspectify Acquires Real Estate Appraisal Firm Aloft, Expanding Services for 300+ Clients
Seattle startup Inspectify acquired real estate appraisal startup Aloft in an all-cash deal, expanding its offerings to include inspections, underwriting, and valuations for over 300 clients. Inspectify, which has raised $23 million and grown revenue 90% in 2024, will add 30 Aloft employees to reach 80 total staff.
Flyhomes Co-founder Stephen Lane Launches Tufa, an Affiliate Marketing Platform Supporting Caregivers After Surviving Brain Injury
Stephen Lane, co-founder of Flyhomes, survived a severe brain injury from a drunk driving accident and is now launching Tufa, a startup that enables users to donate to causes through cashback affiliate marketing. Tufa allows supporters to contribute to groups by shopping online with a browser extension that channels commissions to fundraising circles.
Seattle Startup Flyhomes Launches NeighborVote Tool Showing Neighborhoods' Political Leanings for Homebuyers
Seattle startup Flyhomes launched NeighborVote, a tool allowing homebuyers to see neighborhoods' political leanings based on voting data, aiming to aid informed housing decisions. The feature uses data from MIT Election Data & Science Lab and positions politics like Walk Scores or school ratings in home evaluations.
Seattle Home-Inspection Startup Inspectify Raises $5.3M Led by Munich Re Ventures, Total Funding $23M
Seattle-based home-inspection startup Inspectify raised $5.3 million led by Munich Re Ventures, increasing its total funding to $23 million. The company, founded in 2019, serves 250 enterprise clients and expects to double its revenue and become cash flow positive next year.
Yifan Zhang of AI2 Incubator Highlights Gradual AI Workforce Impact and Startup Growth in Seattle
Yifan Zhang, managing director of AI2 Incubator, discusses the gradual but impactful integration of AI in the workforce and her role in fostering AI startups in Seattle. She shares her entrepreneurial journey from founding GymPact after Harvard to investing in AI-first companies to drive strategic work transformation.
Flyhomes Conducts Another Round of Layoffs Amid Persistent Real Estate Market Challenges
Seattle-based real estate startup Flyhomes has conducted another round of layoffs due to persistent industry challenges, continuing a pattern of workforce reductions since 2022. The company, which raised over $200 million, cited worsening market conditions driven by high mortgage rates and economic headwinds.
Yifan Zhang Joins AI2 Incubator as Managing Director; Dropbox, Marchex, and Seattle Startups Appoint New Tech Leaders
Yifan Zhang, former Loftium co-founder, is joining the AI2 Incubator as managing director starting February 2024, while several Seattle tech companies made key executive hires including Dropbox, Marchex, Simply Augmented, and Chainguard.
Seattle Startup Flyhomes Moves from 9,000 Sq Ft Waterfront Office to Smaller Downtown Space Amid Remote Work Shift
Seattle real estate tech startup Flyhomes vacated its 9,000 sq ft waterfront office near Pier 56 on September 1, relocating to a smaller 4,000 sq ft space downtown due to a shift to remote work. The move follows Flyhomes' multiple layoffs amid a slowing market and increasing Seattle office vacancies.
Flyhomes to Acquire Home Sale Assured Brand, Founder Eric Meadow Joins as VP Amid Market Challenges
Seattle-based real estate startup Flyhomes announced plans to acquire Home Sale Assured’s brand and assets, with its founder Eric Meadow joining Flyhomes as VP of partnerships. This move complements Flyhomes' Buy Before You Sell product amid a slow market and follows their recent Loftium acquisition.
Seattle Recruiting Startup Karat Lays Off 47 Employees Again in 2023 Amid Restructuring Efforts
Seattle-based technical recruiting startup Karat laid off 47 employees for the second time in 2023 to restructure and move towards profitability, reducing its workforce from 423 in January to around 393 employees. Despite the cuts across various departments, Karat continues to grow its customer base and support diversity initiatives in tech.
Seattle Startup Flyhomes Lays Off Staff Third Time in a Year, Workforce Shrinks from 700 to 470 Amid Housing Market Downturn
Seattle real estate startup Flyhomes, led by CEO Tushar Garg, laid off employees for the third time in a year to focus on profitability amid a challenging housing market. The company's workforce has declined from about 700 in November to roughly 470 currently, reflecting broader layoffs in the Seattle real estate tech sector amid declining home prices and sales.
Flyhomes Acquires Seattle’s Loftium to Expand Host-to-Own Real Estate Services
Flyhomes has acquired Seattle-based host-to-own real estate platform Loftium, expanding its home-buying services while retaining Loftium’s team and operations amid a challenging market. Loftium’s unique model enables buyers to use rental income from Airbnb hosting to finance down payments, a program launched a year ago.
Seattle Startup Esper Cuts 21% of Staff Amid 2023 Business Uncertainty Following $100M Funding
Seattle startup Esper laid off 21% of its workforce in its second reduction within seven months, citing an unpredictable 2023 business environment despite strong 2022 growth. Founded by Yadhu Gopalan and Shiv Sundar, Esper offers a DevOps platform for managing Android device fleets and has raised $100 million to date.
Seattle Startup Atomo Restructures and Cuts Workforce Six Months After $40M Funding
Seattle-based startup Atomo, which makes coffee from upcycled plant ingredients, is undergoing a strategic realignment and restructuring just six months after raising $40 million, including workforce reductions. CEO Andy Kleitsch said the company aims to scale its sustainable coffee offerings more quickly by adding new specialized staff.
Flexe CTO David Glick Departs; Impinj Appoints Cathal Phelan as Chief Innovation Officer; FlyHomes and VertueLab Announce New Executives
David Glick resigned as CTO of Flexe after nearly four years, passing leadership to Anthony Girolamo, while Impinj named Cathal Phelan as chief innovation officer. Additionally, Seattle's FlyHomes and Portland's VertueLab announced key executive appointments.
OfferUp Cuts 19% of Workforce Amid Missed 2022 Revenue Growth Targets
OfferUp, a Bellevue-based mobile marketplace, is laying off 19% of its staff due to revenue growth shortfalls despite having multiple years of financial runway. This move aligns with a broader trend of tech layoffs across the Seattle region amid economic uncertainties.
Flyhomes Cuts Nearly 40% of Staff Amid Housing Market Recession and Cooling Demand
Seattle-based real estate startup Flyhomes has laid off nearly 40% of its workforce in a second round of cuts due to a recession in the housing sector and a cooling market. The company, led by CEO Tushar Garg, has about 700 employees and has raised over $200 million since its 2016 founding.
People
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Tushar Garg Founder, CEO & Co-Founder, Executive Officer, Director, Promoter
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Adam Hopson Executive Officer, Chief Operating Officer
