Ridley has raised $6.4 million in seed financing to expand its AI-driven home buying and selling platform as the company pushes to reshape real estate around consumer needs. The round was led by Fifth Wall, a major investment firm specializing in technology for the built environment, with participation from 1984 Ventures, 1Sharpe Ventures, Moxxie Ventures, Aglae Ventures, Park Rangers Capital, and several angel investors including executives from Google and Stripe.
The funding will allow Ridley to grow its sell-side tools and prepare for the launch of its new buy-side experience, which will connect buyers to private listings, active listings, and homes expected to enter the market based on the company’s predictive analytics. Ridley is also expanding the capabilities of Ridley Preferred Agents, offering on-demand, commission-free support to both buyers and sellers.
The company positions its offering as a direct alternative to the traditional commission-based model by giving consumers AI guidance, property-specific insights, interactive tools, and access to expert help while avoiding standard real estate fees. The platform has generated more than $4.6 billion in lead volume since launching on July 15 and currently features over $350 million in private listings. Ridley reports that 57 homes have sold through the platform to date, with an average of 33 days on market and a list-to-sold ratio of 98.3 percent.
Founded to modernize the home-selling experience, Ridley enables users to create listings, distribute them across major marketplaces, and navigate the full transaction with AI support, legal services, and optional concierge offerings. The company’s progress and upcoming buyer-focused expansion reflect heightened consumer interest in real estate solutions that reduce fees and provide more transparent digital workflows.
KEY QUOTES:
“The current real estate market was not built around consumers – and it’s costing families across the U.S. as much as $100 billion a year. This funding round will allow us to keep building a complete, lower-cost, consumer-led experience. By expanding into the buy-side and introducing new features, we’re creating a modern marketplace where both buyers and sellers benefit from real value, instead of losing out on profit from traditional fees.”
Mike Chambers, CEO and Founder of Ridley
“Ridley is redefining what a modern real estate transaction should look like. By stripping out unnecessary fees and putting AI directly in the hands of consumers, they are unlocking a level of transparency and efficiency this industry has never been able to deliver. What Mike and his team are building isn’t just a better user experience, it’s a fundamental re-architecture of the housing marketplace. We’re excited to support Ridley as they scale a truly consumer-first model.”
Dan Wenhold, Partner at Fifth Wall
