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Cambridge Trust

125 High Street, 9th Floor, Boston, MA, 02109, United States

Overview

Cambridge Trust is a bank providing dedicated personal attention and custom solutions to build and preserve wealth.

Total investments
2
Lead investments
1
Investments · 12mo
0
Active investors
3

Sector focus

  • Financial Services
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Investment portfolio

  • Curbio

    Led · Debt Financing · Aug 2022

    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.

  • Skyword

    Participated · Debt Financing · Jan 2018

    Skyword offers a content marketing software and services platform that helps brands produce, optimize, manage, and promote content across formats including articles, video, images, infographics, podcasts, and animations. The company provides access to a community of thousands of freelance writers and videographers plus an editorial team and program managers to support clients’ content programs. Customers have created and published more than one million original stories on the platform. Clients include Abbott Laboratories, ADP, AutoTrader, GE Health, Groupon, HP, IBM and other B2B and B2C brands. Skyword was founded in 2010 and is led by CEO Tom Gerace; its technology center is located in Pittsburgh, PA and the company is based in Boston, MA. The company said it will use the funding to accelerate growth and product innovation. Skyword offers a content marketing platform alongside professional services and access to a community of thousands of freelance writers, videographers, an editorial team, and program managers. The company combines software and services to help brands create and distribute original stories across formats including articles, video, images, infographics, podcasts, and animations. Brands have authored and published more than one million original stories on the Skyword Platform, which have been viewed over 1.5 billion times, and Skyword has paid freelance creatives more than $20 million. Its customer base in 2017 included B2B and B2C brands such as Abbott Laboratories, Lahey Health, HortonWorks, GE Health, Glenmede, and Groupon. Skyword is privately held and headquartered in Boston, MA, with a technology center in Pittsburgh, PA, and investors that include Cox Media Group, Allen & Company, Progress Ventures, and American Public Media Group. The company said it will use new financing to support revenue momentum and provide capital to reach profitability in 2018 while continuing to invest in growth. Skyword provides a proprietary content marketing platform that helps brands produce, optimize, and promote original storytelling at scale. The platform is complemented by access to a community of freelance writers and videographers, an editorial team, and program managers who support clients’ content programs. Skyword positions itself to liberate brands from ineffective marketing practices and to create deeper audience connections. The company is privately held and headquartered in Boston, Mass., with offices in Miami, Palo Alto, and New York and a technology center in Pittsburgh. Investors in Skyword include Cox Media Group, Allen & Company, Progress Ventures, and American Public Media Group. Skyword received a $5.5 million venture loan to support working capital as it pursues domestic and international expansion. Skyword is a Boston-based provider of a platform for original content production at scale. Led by founder and CEO Tom Gerace, the platform streamlines and automates steps in the content creation and publishing process and provides marketers and publishers with content intelligence. Features include an SEO scorecard assessment, content promotion across social channels, and the ability to track real-time search engine referral information to map content strategies to trending topics. The company also provides access to a community of more than 20,000 professional writers. Skyword intends to use the $6.7M growth financing to expand its team and scale operations. The company previously closed a $6M financing in December 2011. Skyword markets a digital content platform that provides brands and media companies a way to buy search‑engine‑ and social‑network‑friendly articles written by so‑called Skywriters. The company positions itself as a source of original, high‑quality content designed to reach large audiences across the internet. Articles on the platform are offered at very low cost, according to the reporting. Skyword is described in the coverage as a fledgling content farm. The company serves both brands and media organizations as customers. Financially, the only disclosed transaction in the article is a $6 million investment from Cox Media Group.

Team

  • Denis K. Sheahan

    President & Chief Executive Officer

    LinkedIn
  • JP Marchette

    Director, Innovation Banking

    LinkedIn
  • John Sinclair

    Investment Board Member

    LinkedIn