Homeward Lands $120M Series D Led By Saluda Grade As Housing Market Stalls

Homeward, a real estate startup that helps homeowners buy before selling their existing homes or get cash offers for their properties, has raised a $120 million Series D round, Crunchbase News reported exclusively.

The round was led by Saluda Grade, an alternative investment firm specializing in asset-backed credit. Continental General Insurance Co. and Citi Ventures also participated in the financing.

The deal lands against the stalled housing market that frames Homeward's core pitch. Rather than asking a homeowner to sell first and hope a replacement property materializes, the company's model lets a buyer move on a new home while the old one is still in hand — or take a cash offer on the property they already own.

That combination targets one of the more persistent friction points in residential real estate: the gap between needing to sell and needing to buy, where timing mismatches can cost a buyer a property. Homeward's two-sided approach addresses both ends of that problem, either by fronting the purchase side or by providing liquidity on the sale side through a cash offer.

Saluda Grade's role as lead is notable given its focus on asset-backed credit, a category that maps onto a business model built around real estate transactions rather than software alone. Citi Ventures' participation brings a large financial institution's venture arm into the round, alongside Continental General Insurance Co.

The $120 million Series D is a later-stage raise for the company, which operates in the real estate and property technology sector.

Crunchbase News reported the funding exclusively.