Friday, January 17, 2020

Homebound Gets $35M More For Home Rebuilding

Homebound, a startup which rebuilds homes after disasters--and which has offices in Malibu--has raised $35M in a Series B funding, the company disclosed this week, bringing its total raised to $53M. The startup--which is split between Santa Rosa, California and Malibu, California--said the Series B was led by Los Angeles-based Fifth Wall Ventures, and also included Khosla Ventures, Google Ventures, Ashton Kutcher, and Thrive Capital. The startup offers up a service to help coordinate the difficult task of financing, design, lot preparation, and construction of homes which were destroyed in a disaster; the company's roots are a direct result of the impact of the 2017 wildfires on California, including the Tubbs Fire in Santa Rosa, as well as the Woolsey Fire in Malibu. The company's founders are Nikki Pechet and Jack Abraham. The company charges a fee based on the cost of a rebuild project. More information »

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