The Venture Codex Logo

The Venture Codex

Curbio

11325 Seven Locks Road Suite 290, Potomac, MD, 20854, United States

Overview

Curbio provides a pay-at-closing home improvement solution for real estate agents, brokerages and their listing clients, completing pre-listing projects of any size from start to finish with zero payment until closing. The company uses proprietary technology to power its service and partners exclusively with agents to help homes sell faster and for top dollar. Curbio is used by thousands of realtors and brokerages nationwide. The company raised a $65M Series B earlier in the year and closed a $25M credit facility with Cambridge Trust, bringing total 2022 funding to $90M. Curbio has raised $118M since its founding in late 2017. It intends to use the funds to expand into additional markets, further develop its proprietary technology, and support growth expected to exceed $100 million in 2023. Curbio provides a pay-at-closing home improvement solution for real estate agents, brokerages and home sellers, handling sourcing, project management and communication. The company acts as the licensed, insured general contractor on all projects. Led by CEO Rick Rudman, Curbio develops proprietary technology and a job platform for contractors to manage projects and workflows. In January 2022 Curbio raised $65M in a Series B to support growth. The company intends to use the funds to expand into additional markets and further develop its proprietary technology, including the growth of its job platform for contractors. Curbio is based in Potomac, Maryland. Curbio provides home improvement services specifically designed to help real estate agents prepare client homes for market with payment due only at closing. The company uses proprietary technology, including a platform and app, to monitor project schedules, visual updates and communications to keep projects running smoothly. It operates an invitation-only job platform that vets and invites top contractors. Curbio intends to use recent funding to expand its market footprint, develop its technology further, and grow its contractor platform. The company is a graduate of the NAR REACH growth program, which leverages the National Association of Realtors' membership to refine and scale solutions for REALTORS®. The article states the company is based in Potomac, MD. Curbio is a Potomac, Md.-based real estate technology company that specializes in pre-sale home renovation to help Realtors and their clients prepare homes for sale, reduce days on market and increase seller proceeds. The platform provides real-time project communication and updates via comments, pictures and video. It complements these features with a design-build process that includes complete project management, pre-selection of materials and renovation choices. Founded in late 2017 by Matt Siegal and Rick Rudman, Curbio currently 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. The company plans to use the Series A capital to build out its proprietary technology and expand to new cities. Curbio plans to complete over 1,000 renovation projects in 2020 while doubling city expansion in 2020 and 2021 and has raised $13.6M in total funding.

Total raised
$122M
Funding rounds
5
Latest round
Debt Financing
Latest activity
Aug 2022

Industries

  • Commercial Real Estate
  • Home Renovation
  • Real Estate
  • Real Estate Investment
Visit website

Recent funding

  1. Debt Financing

    Aug 2022

    $25M

  2. Series B

    Jan 2022

    $65M

  3. Equity

    Nov 2020

    $25M

  4. Series A

    Aug 2019

    $7M

Team

  • Rick Rudman

    President and CEO

    LinkedIn
  • Matthew Siegal

    Founder & Chief Strategy Officer

    LinkedIn
  • Norman Weissberg

    Senior Vice President of Sales

    LinkedIn
  • Pamela Cohn

    Chief Operating Officer

    LinkedIn