Ribbon Inks $150M Financing Round
NEW YORK, NY, Ribbon, the homeownership company, announces today it has secured $150 million in funding.
Ribbon announces today it has secured $150 million, inclusive of $75 million in Series C equity financing and $75 million in additional working capital. Additionally, Ribbon has also upsized its $500 million credit facility, on the heels of 15x growth this year.This investment will enable more than $10 billion in home transactions annually, and fuel Ribbon's swift expansion into new states.
The Series C was led by Greenspring Associates, with participation from existing investors Greylock, Bain Capital Ventures, NFX, Nyca, Thomvest and Jake Seid. Ribbon is also welcoming new strategic investors, including First American Financial, Waterfall Asset Management, TriplePoint Capital, Spencer Rascoff's 75 & Sunny Ventures, Gary Beasley, Gregor Watson, and Guy Gal.
Founded in 2017 in New York and Charlotte, Ribbon is on a mission to make homeownership achievable. Ribbon allows everyday families to compete on a level playing field with high net worth individuals and institutional buyers by upgrading their offers to winning RibbonCash Offers. As the leading real estate technology platform, Ribbon empowers agents, brokerages, and lenders to create a world-class experience for home buyers and sellers through powerful financial products and digital workflow software.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about