Homebound

Custom home building with personalized options

San Francisco, California, United States

About Homebound

Homebound specializes in the home building sector of real estate, providing a personalized experience for customers looking to build their own homes. Customers can select their desired neighborhood, home floor plan, and exterior design, and secure their place in the building queue with a 3% deposit through a reservation system. Homebound manages the entire home building process, from design to construction, and collaborates with leading lending partners to offer competitive financing options. The company stands out from competitors by focusing on a customer-centric approach, ensuring a seamless experience with regular updates on the build progress. Additionally, Homebound offers a 10-year warranty on all homes, which enhances customer confidence in the quality of their investment. The goal of Homebound is to provide a hassle-free home building experience while maintaining adherence to budget and schedule, as reflected in the positive feedback from satisfied customers.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$144MTotal Funding
DEBTCompany Stage
Real EstateIndustries
201-500Employees

Risks

Increased competition from tech giants in modular housing may challenge market share.
Economic downturn could impact consumer spending on new homes, affecting sales.
Rising interest rates may make financing more expensive, reducing demand for new builds.

Differentiation

Homebound manages the entire homebuilding process, from insurance to move-in.
The company offers a unique reservation system with a 3% deposit for home configuration.
Homebound provides a 10-year warranty, ensuring quality and durability for customers.

Upsides

Homebound raised $75M in Series C funding to address housing shortages.
Expansion to Austin, Texas, applies tech-enabled processes to non-disaster markets.
Growing demand for remote work-friendly homes boosts custom home building projects.

Funding

Total raised$143.96 M
Latest valuation$375.00 M
StageDEBT