16 February 2022
Homebound started out to help people rebuild after their houses were destroyed by California wildfires in 2018.
But over time, the company realized that its digital general contracting and “personalized” homebuilding services could be applied to non-disaster use cases as well — especially in regions where there is a major shortage of inventory.
And today, the Santa Rosa, California-based startup is announcing it has raised $75 million in a Series C funding round led by Khosla Ventures toward its efforts to help address those inventory shortages with its technology. In addition to the equity, Homebound also secured “hundreds of millions” in debt from Goldman Sachs. The raise brings the company’s total equity haul to $148 million since its inception.
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