Homie operates a low-fee real-estate model that employs agents who do not take traditional commissions, charging sellers a $1,500 flat fee and providing built-in attorney assistance for negotiations. The company has expanded among younger, first-time buyers in Utah and Arizona and claims to have saved customers over $55 million in commissions. Homie reported revenue growth of 150% over the past year. With a one-stop-shop approach, it has added Homie Loans™, Homie Title™, and Homie Insurance™ to streamline transactions. The company plans to expand into three new markets, beginning with a Las Vegas launch in March, and has identified potential future markets including Boise, Seattle, Colorado Springs, and Nashville. Co-founder Johnny Hanna has discussed expansion plans including Las Vegas and Dallas. Homie operates a peer-to-peer marketplace that enables buyers, builders and sellers to meet, negotiate and complete home transactions without a middleman or commission fees. The company is based in Salt Lake City and is led by CEO Johnny Hanna, CTO Mike Trionfo, CLO Matt Thorne and CFO Mike Peregrina. Additional team members named in the article include Dan Might (VP of Operations) and Dave Bascom (VP of Marketing). Homie recently raised a seed funding round of undisclosed size. Backers named in the financing include Peak Ventures and angel investor Mike Levinthal. The company said it will use the funds to continue to expand operations.

Total raised

$23M

Funding rounds

2

Latest round

Series B

Latest activity

Feb 2020