Flyhomes raises $15M to scale 'Buy Before You Sell' home loans - InforCapital

Seattle, WA – July 30, 2025. Flyhomes, the Seattle-based proptech startup, has secured $15 million in new funding to support a strategic shift toward a wholesale real estate lending model. The round was backed by existing investors including Andreessen Horowitz, Norwest, Canvas Ventures, Camber Creek, Al Goldstein, and Mark Vadon.

Founded in 2016, Flyhomes has transitioned from a consumer-facing real estate platform into a financial infrastructure provider for agents and loan officers. Its flagship product, "Buy Before You Sell", allows homeowners to purchase their next property before selling their current one by unlocking equity through a backup offer.

Unlike its earlier model that offered brokerage and financing directly to homebuyers, Flyhomes now distributes its tools through licensed lending partners across 40 U.S. states. The company recently sold its consumer home search platform to The Real Brokerage as part of the shift.

Flyhomes makes money by charging fees and interest on loan products, supported by a $200 million warehouse lending facility. COO Adam Hopson noted the company is seeing strong momentum in lending volume, while acknowledging the need for market education around its financial products.

Flyhomes joins a wave of U.S. real estate tech firms that have pivoted toward financial products and B2B models in response to market headwinds, including rising interest rates and tighter housing inventory. Notable moves in 2025 include:

• Ribbon, a home financing startup, raised $25 million to expand its agent-focused bridge financing tools after exiting direct-to-consumer operations.
• Reali relaunched with a $30 million Series B to support embedded lending products within real estate CRMs.
• Hometap secured $50 million in funding to extend home equity investments as an alternative to refinancing, targeting aging homeowners with equity-rich properties.
• Divvy Homes raised $60 million to restructure into a marketplace lender offering rent-to-own and hybrid mortgage options.

These rounds reflect growing investor interest in real estate fintech models that offer liquidity, affordability, and risk-sharing alternatives amid economic volatility and evolving consumer needs.

By embedding its "Buy Before You Sell" platform into the workflow of loan officers and real estate agents, Flyhomes aims to reduce transaction friction while empowering clients with access to capital before listing their home. The model simplifies the bridge between sale and purchase without burdening the consumer with multiple lenders or complex contingencies.

To date, Flyhomes has raised $208 million in equity funding and facilitated over $7 billion in real estate transactions. Led by CEO and co-founder Tushar Garg, the company plans to extend its lending footprint into more states, with an emphasis on scaling awareness and partnerships.