Potomac, Md.-based real estate tech company Curbio announced that it has closed a $7 million Series A funding round co-led by Camber Creek and Brick & Mortar.
Founded in 2017, this latest funding round brings the startup to $13.6 million venture capital raised. Curbio said it plans to use the funding for product development and city expansion.
“Curbio is completely re-inventing the way Realtors and their clients approach pre-sale renovation,” Rick Rudman, president and CEO of Curbio, said in a statement. “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’s platform helps realtors manage renovation projects while also helping homeowners flip their homes to make a better profit. The company uses different proprietary tech to accelerate proposal and project completion. The startup has a mission to maximize listing prices and shorten days on market to benefit agents and sellers.
“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,” Casey Berman, managing partner at Camber Creek, said in the press release. “We are thrilled to be working with Curbio as they expand across the U.S.”
Currently, Curbio’s platform is active in D.C., Maryland and Virginia suburbs, Baltimore, Atlanta, Dallas, Houston, Phoenix, Orlando, South Jersey and parts of Philadelphia. The startup plans to complete more than 1,000 renovation projects in 2020 and double its U.S. footprint by 2021.
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