Homie

Deal Snapshot

Company: Homie, Inc.

Website: homie.com

Sector / Category: Real Estate Technology / Flat-fee real estate brokerage / End-to-end home buying and selling platform

Headquarters: South Jordan, Utah, USA

Founded: 2015

Investor: Frazier VC

Investment Vehicle: Fund IV (and earlier investments)

Deal Type: Primary + Secondary

Round Type(s): Seed, Series A, Series B, Convertible Notes

Company Overview

Homie is a real estate technology company that provides a modern home buying and selling experience designed to reduce costs and simplify the transaction process. Homie is best known for its flat-fee approach to selling homes and its mission to make homeownership more accessible by reducing traditional brokerage fees, closing costs, and transaction friction through software and integrated services.

Public Funding / Capital Events

Nov 24, 2015 — Homie raised a seed funding round backed by Peak Ventures and angel investor Mike Levinthal.

2019 — Homie raised $10M in a Series A round.

Jan 27, 2020 — Homie announced a $23M Series B equity round to support geographic expansion and continued platform buildout.

Investment Summary

Frazier VC invested in Homie across multiple transactions from 2017 through 2023, reflecting long-term conviction in the company’s platform and opportunity to modernize real estate workflows. Fund IV made an investment in July 2023, and Frazier VC has participated through both primary and secondary purchases. These investments span multiple financing structures, including Seed, Series A, Series B, and convertible notes.

Why We Invested

Frazier VC invested in Homie because we believed the company has strong potential for growth in a large market where where they could meaningfully reduce transaction cost and complexity. Homie’s platform had room for expansion across many different geographic markets while improving the customer experience. We also valued Homie’s differentiation, including its flat-fee model and end-to-end transaction approach, which create brand strength and operational leverage. When interest rates rose rapidly, the housing market shifted almost overnight—buyer demand cooled, affordability tightened, and transaction volume dropped sharply across the industry. Homie wasn’t able to downsize and adjust its cost structure quickly enough to match the new market reality, which ultimately resulted in this investment being unprofitable.

Other Investors

Peak Ventures

Valar Ventures

Curt Roberts (Angel)

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