- Curbio — a rapidly growing real estate technology company that specializes in pre-sale home renovation — announced it raised $7 million in Series A
Curbio — a rapidly growing real estate technology company that specializes in pre-sale home renovation — announced it has raised $7 million in Series A funding. This round of funding was co-led by Camber Creek and Brick & Mortar. Launched in late 2017 by Matt Siegal and Rick Rudman, Curbio has raised $13.6 million in total financing and the company will use this latest round of financing to build out its proprietary technology and expand to new cities.
“Curbio is completely re-inventing the way Realtors and their clients approach pre-sale renovation,” said Curbio president and CEO Rick Rudman. “We’re very excited to welcome Camber Creek and Brick & Mortar as our investment partners. Both firms have deep roots and expertise in real estate and construction tech, making them the perfect partners to support our vision.”
The company utilizes an array of proprietary technology to accelerate proposal and project completion time by up to 60%. And the Curbio platform also brings modern customer experience to a notoriously outdated industry by providing real-time project communication and updates via comments, pictures, and video.
And Curbio complements these high-tech benefits with a design-build process, which includes complete project management, pre-selection of materials, and renovation choices geared towards making home sellers a profit. And the solution is packaged up in an innovative and consumer-friendly “pay at closing” business model ensuring the entire process is quick, easy and painless for both the Realtor and home seller.
“Curbio is transforming the home renovation, general contracting and home flipping markets by offering homeowners a novel way to capture the full potential value of their homes,” added Camber Creek managing partner Casey Berman. “We are thrilled to be working with Curbio as they expand across the U.S.”
This round of funding will be used to accelerate technology development and city expansion. And Curbio’s focus on maximizing listing prices and shortening days on market is a major benefit for agents and sellers. For homeowners, Curbio is essentially helping them “flip their own home” and keep the profit for themselves. For Realtors, Curbio is a trusted renovation partner that lets them put away their project manager hat and spend more time on real estate transactions.
Curbio is experiencing rapid growth with the number of projects up 650% in Q2 2019 versus last year. Currently, Curbio serves the District of Columbia and surrounding suburbs of Maryland and Virginia, Greater Baltimore, Atlanta, Dallas, Houston, Phoenix, Orlando and the Greater Philadelphia, and South Jersey metropolitan region. And Curbio plans to complete over 1,000 renovation projects in 2020 while doubling city expansion in 2020 and 2021.
