News from real estate technology company Curbio Inc. tells of the company securing $7 million in Series A funding. According to the news, the funds will be used to further expand the company's proprietary technologies to new cities.
The funding round was Co-led by Camber Creek and Brick & Mortar. Curbio, founded in late 2017 by Matt Siegal and Rick Rudman, has already raised $13.6 million in total financing. Rudman, who's the President and CEO of the company, had this to say via the firm's press release:
"Curbio is completely re-inventing the way Realtors® and their clients approach pre-sale renovation. 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."
Curbio leverages proprietary technology to accelerate proposal and project completion time, and to create a far more modern customer experience. The platform provides real-time project communication and updates via comments, pictures, and video.
Furthermore, 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. Casey Berman, Managing Partner at Camber Creek, offered this on the funding round:
"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. We are thrilled to be working with Curbio as they expand across the U.S."
Curbio is experiencing tremendous growth with the number of projects up 650% in Q2 2019 versus last year. 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. Curbio plans to complete over 1,000 renovation projects in 2020 while doubling city expansion in 2020 and 2021.