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
Amperity cuts 13 roles (3% of staff) amid reorganization while planning continued hires and investments
Seattle customer-intelligence startup Amperity laid off 13 employees (about 3% of its 375-person workforce), primarily from its talent acquisition team, while saying it will continue hiring and invest in growth. CEO Barry Padgett attributed the cuts to organizational alignment with strategic growth plans; the company became a unicorn in July 2021 after a $100 million raise and values at $1 billion.
Seattle Startup Shelf Engine Lays Off 43 Employees Amid Economic Challenges
Seattle startup Shelf Engine laid off 43 employees due to challenging economic conditions, reducing its workforce from about 200 to around 150. The company, which uses machine learning to help grocers manage orders and reduce food waste, continues pursuing its mission despite the cuts.
Startups, superheroes, and the economy at a crossroads: Voices from Seattle's tech community
After holding the GeekWire Awards virtually for the past two years, there was a feeling of real catharsis Thursday evening as hundreds of people streamed through the doors of the Showbox Sodo in Seattle for our annual celebration of the Pacific Northwest's top tech startups, leaders, and innovations. For the finalists in the 2022 GeekWire Awards, recognition at the superhero-themed show came with the added bonus of knowing that their companies made it through a period of unprecedented challenge and change. But the week also brought a new sense of uncertainty about what's to come. [Related Post: 2022 GeekWire Awards…
GeekWire returns in person for 2022 Awards at Showbox SoDo, honoring 60+ finalists across 15 categories with 16,000+ votes
GeekWire held its first in-person GeekWire Awards in three years at Showbox SoDo in Seattle, honoring 60+ finalists across 15 categories with over 16,000 community votes and appearances by local tech leaders and entertainers.
Real Estate Tech Firm Knock Expands to Seattle with $220M Funding, Offers Home Swap and Jumbo Loans Up to $3M
Knock, a real estate tech company founded by Trulia's creators, is expanding its home financing services to Seattle and Western Washington, offering products like Home Swap and Knock GO to help buyers compete with cash offers. The company recently secured $220 million in funding and added jumbo loans to its portfolio despite past challenges including workforce cuts and a halted SPAC.
GeekWire surveys Seattle-area VCs to name Pacific Northwest startups they predict will become unicorns in 2022
GeekWire surveyed more than a dozen Seattle-area venture capitalists for their picks of Pacific Northwest startups likely to reach unicorn status this year, compiling a list of candidate companies with reasons for each selection. The piece notes rising valuations nationwide and excludes VCs' own portfolio companies to reduce bias.
Inspectify raises $8M Series A led by Nine Four Ventures; total funding $10M to digitize home inspections
Inspectify, a two-year-old Seattle proptech startup that provides a booking marketplace and inspection software, raised $8 million in a Series A led by Nine Four Ventures to digitize home inspection reporting and aggregate inspection data.
Flyhomes launches ‘Flyhomes Guarantee for Buyers’ to let clients exit within a year with waived seller commission
Seattle-based real estate startup Flyhomes launched the Flyhomes Guarantee for Buyers, which lets clients who want to move within a year of closing have Flyhomes list the home and waive its commission (buyers still pay the buyer’s agent and selling costs). Founded in 2016, Flyhomes has helped over 3,000 families buy nearly $3 billion in homes with cash-offer short-term loans and faces competition from traditional brokerages, iBuyers like Opendoor and Offerpad, and Zillow.
Tomo, led by ex‑Zillow chiefs Greg Schwartz and Carey Armstrong, raises $70M seed to digitize mortgages
Tomo, a fintech real estate startup founded by former Zillow executives Greg Schwartz and Carey Armstrong, launched in Seattle, Dallas and Houston with a $70 million seed round to digitize and speed up mortgage approvals online.
Flyhomes raises $150 million to scale cash-offer homebuying and mortgage services nationwide
Seattle startup Flyhomes raised $150 million to expand its cash-offer homebuying model and integrated mortgage and selling services nationwide, positioning itself against iBuyers and Zillow. CEO Tushar Garg said the funding supports building an end-to-end home-buying experience that gives clients a competitive edge in a chaotic market.
Seattle startup Plunk raises $6.5M seed from Unlock Ventures to recommend remodels that boost home value
Seattle startup Plunk raised a $6.5 million seed round led by Unlock Ventures to expand its app that uses image processing, AI and machine learning to recommend remodels that raise home value. The free app has analyzed over 1 million homes in Seattle, identifying about $400 billion in combined potential "Plunk Value," while the company focuses on establishing credible analytics before announcing monetization plans.
JetClosing raises $11M Series B, names former Amazon and Bulletproof exec Anna Collins as CEO
Seattle digital home-closing startup JetClosing raised an $11 million Series B led by funds advised by T. Rowe Price, Pioneer Square Labs and Trilogy Equity, bringing total funding to $44 million. The company also named former Amazon and Bulletproof executive Anna Collins as its new CEO, replacing founder Daniel Greenshields.
Ralph de la Vega, ex‑AT&T vice chairman, joins Outreach board as startup hits $1.33B valuation; Flyhomes names two VPs
Former AT&T vice chairman Ralph de la Vega joined Seattle sales engagement startup Outreach's board after meeting CEO Manny Medina; Outreach is a $1.33B-valued unicorn that raised $50M in June and employs about 700. Seattle real-estate startup Flyhomes also appointed two VPs: Adam Hopson (growth and strategy) and Rehan Mohammad (finance and business operations).
OfferUp names Niti Bashambu CPO after $120M raise and $1.4B valuation; Flyhomes appoints Amy Sellers VP of Marketing
OfferUp hired Niti Bashambu as chief product officer after raising $120 million and reaching a $1.4B valuation; Flyhomes named Amy Sellers VP of marketing as it expands across five markets. Promethean also hired Chris Hand as chief revenue officer.
Outreach CMO Margaret Arakawa departs; FlyHomes CMO Ryan Steingard joins Persona; Brian Goldfarb named Amperity CMO
Several Seattle-area marketing executives have changed roles: Margaret Arakawa left Outreach as CMO to pursue a new venture, FlyHomes CMO Ryan Steingard moved to chief growth officer at Persona, and Brian Goldfarb joined Amperity as CMO. Outreach recently raised $50 million in a Series F at a $1.33 billion valuation and serves over 4,000 companies.
SBA Reveals Seattle Tech Startups Received Millions in PPP Loans Including ExtraHop’s $10M and Rover’s $8.1M
The Small Business Administration released detailed data on Paycheck Protection Program loans, revealing Seattle-area tech startups like ExtraHop and Rover received between $5.4 million and $10 million to support payroll during the COVID-19 crisis. The PPP distributed $525 billion across over 5 million loans before ending in August amid issues with loan forgiveness and fraud.
Seattle startup Plunk raises $2M+ to power AI-driven home valuation and renovation recommendations
Seattle startup Plunk, founded by Brian Lent and David Bluhm, has developed an app that uses image processing, AI and machine learning to evaluate home condition, estimate renovation-driven value increases (a "Plunk Value") and recommend specific projects; the company has 15 employees and has raised over $2 million to date, including an initial $1M reported in 2019.
University of Washington taps Justin Dunnicliff as NSIN university program director; Meredith Han named VP of Product at FlyHomes
The University of Washington partnered with the Department of Defense’s National Security Innovation Network (NSIN) and named UW alumnus Justin Dunnicliff as university program director to run NSIN programs at UW, connecting students to DoD-related research and employment opportunities. The article also notes Meredith Han, an early Amazon employee and angel investor, has become VP of product at FlyHomes.
Arrived Homes launches $100-share crowdfunding platform for rental-property investing, founded by ex-Simply Measured and Sprout Social executives
Arrived Homes, a Seattle startup founded by tech veterans Ryan Frazier, Kenny Cason and Alejandro Chouza with CFO Joel Mezistrano, launched a crowdfunding platform that lets people buy $100 shares in rental properties and earn passive income while the company handles acquisition, renovation and management. The team uses tech and big data to select properties and has posted its first homes for investment after over a year of development and regulatory work.
JetClosing raises $8.5M Series B led by T. Rowe Price amid pandemic-driven surge in digital home closings
Seattle-based JetClosing raised $8.5 million in a Series B led by funds advised by T. Rowe Price as demand for its digital title and escrow closing service surges during the COVID-19 pandemic. The company reported order activity up 124% from April to July, says digital notary adoption has accelerated, and total funding is now $35 million.
GeekWire Awards 2020 Goes Virtual; Ally Wins Startup of the Year as Bill Gates and Celebrities Celebrate
GeekWire held a virtual GeekWire Awards livestream honoring top Pacific Northwest tech companies and leaders across 12 categories, with winners accepting via Zoom and special video messages from figures like Bill Gates. Seattle startup Ally won Startup of the Year, and the event included entertainment such as The Drunken Tenorperforming an "Opera di Zoom."
Flyhomes CEO Tushar Garg says startup closed all pandemic-era purchases as Seattle market stabilized; he’s a GeekWire Awards finalist
Flyhomes, which buys homes with cash for clients, weathered the early pandemic pause by closing all properties it had purchased and says Seattle's market has since stabilized with high buyer demand and low inventory, CEO Tushar Garg told GeekWire. Garg spoke as a finalist for GeekWire's Startup CEO of the Year and discussed leadership and the industry in a podcast tied to the awards.
Real estate in the pandemic
It should've been a banner year for FlyHomes. As 2019 drew to a close, the real estate startup had $141 million in fresh funding to fuel the expansion of its novel home-buying service beyond Seattle to Portland, Boston, and Los Angeles. Then, three weeks after announcing the expansion, the first-known U.S. coronavirus case was discovered in Flyhomes' backyard. The U.S. real estate market froze as the full scope of the coronavirus crisis came into focus, a nerve-wracking jolt for Flyhomes, which was sitting on several homes the startup purchased on behalf of clients. Flyhomes buys houses directly with cash and…
SBA data: Seattle startups Rover, ExtraHop, Porch, Promethean and Logic20/20 each received $5–$10M in PPP loans
The SBA released Paycheck Protection Program data showing several Seattle-area tech startups received $5–$10 million PPP loans to help during COVID-19; recipients include Rover, ExtraHop, Porch, Promethean and Logic20/20. The program has seen controversy over eligibility and forgiveness guidance, and some venture-backed startups declined loans on ethical grounds.
Knock raises $12M Series B led by Madrona as COVID-19 drives surge in remote apartment-management tool usage
Seattle rental-software startup Knock raised $12 million in a Series B led by Madrona Venture Group as demand for its apartment management tools and remote leasing features surged during the COVID-19 crisis.
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
