• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2025-2026
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
  • About
    • GDPR
  • Contact

Ribbon Raises $225 Million to Expand its Home Buying Platform Nationally

October 25, 2018 By admin Leave a Comment

The New York/Charlotte startup making national headlines, now plans to expand throughout the Carolinas and beyond

Ribbon announced today it has raised $225 million, helping the New York/Charlotte technology startup fuel national expansion. With new personalized home valuations, a mobile experience for Realtors and a new pricing model that is free to buyers, Ribbon is building on its novel approach to home buying with the most powerful tools in the home transaction for buyers and Realtors.

Ribbon will be expanding into 10 new markets by the end of 2019 and has already expanded into Charlotte, Cary and Asheville, N.C. and recently into Fort Mill and Indian Land, S.C. Ribbon is focused on markets where homebuyers are having the hardest time securing their new homes and face stiff local competition from investors and corporate buyers.

Ribbon directly backs homebuyers and their Realtors with the power of a Ribbon Offer, which is All-Cash, and Guaranteed to Close. Buyer affordability and home valuations are fully approved, same day, making the offer experience fast, transparent and predictable. If a homebuyer can’t close with a mortgage on time, Ribbon will buy and reserve the home on behalf of the homebuyer.

“We were able to close on our house on time with Ribbon. Their fully approved cash offer in hand gave us the buying power we needed to beat out other buyers. They bring buying power to the common family and overall, they’re an awesome organization from top to bottom and I highly recommend using them,” said Jason Lottman, a Charlotte homeowner who recently won and closed with Ribbon.

Ribbon has quickly become the Gold Standard offer for a buyer to make and for a seller to receive, providing everyone in the transaction with a guaranteed, stress-free experience. With Ribbon, homebuyers have greater than a 90% chance of having their offer accepted, saving thousands of dollars in cash discounts and receiving a 100% on-time closing.

“Buying a home is a milestone to be celebrated and enjoyed. However, if you are a first-time homebuyer or you need to sell your existing home prior to buying a new home, the current homebuying process is an intimidating and stressful experience,” said Ribbon CEO Shaival Shah. “We solve this problem by buying and reserving a home for a family, so they can secure their mortgage in peace without the risk of losing the home they love. For the first time, we are bringing simplicity to the real estate transaction by absorbing all risk, so buyers, sellers and Realtors can focus on the joy of the home buying and selling experience.”

Ribbon partners with Realtors and buyers and is releasing several new product offerings to drive an even more seamless homebuying experience.

Ribbon Personalized Home Valuations. Every family has a unique situation. Ribbon’s same-day, free professional home valuations provide buyers with an upfront understanding of the true value of a home, removes appraisal risk, increases their ability to win and illustrates the predicted amount of cash savings for buying with Ribbon. Unlike other valuation tools, Ribbon backs their valuations by committing to buy the home up to the Ribbon Max Value.

Ribbon is Free to Buyers. Ribbon Offers is now free to homebuyers. Sellers prefer to receive Ribbon Offers due to the certainty of its guaranteed close, and they pay the Ribbon fee at closing on behalf of buyers. This is an important innovation to help drive responsible, affordable homeownership for families.

Ribbon Mobile App for Realtors. Realtors provide incredible education and local expertise in the homebuying process. Ribbon’s App enables Realtors with a modern, seamless transaction system to guarantee home transactions for their clients. Ribbon’s App is available for Apple iOS devices with an Android App to be released shortly.

“Truly a game changer and unlike anything in the market,” said Nancy Costa, Realtor at Realty One Group. “It’s a win-win for everyone. I used Ribbon for an out of state client who was moving to Charlotte for work without their home being sold yet. It is a great opportunity not only for that, but winning multiple offer bids on a home with an all cash offer.”

Ribbon has signed up Realtors across all major brokerages and secured partnerships with some of the largest names. Their growing roster of Ribbon Certified agents currently represent over $2 billion in annual home sales in Charlotte alone.

“Ribbon felt like a safety net throughout the entire transaction,” said Deb White, Realtor at Helen Adams Realty. “They gave my clients peace of mind early in the process, with no strings attached. Ribbon is also a great resource for Realtors looking to differentiate themselves with cutting edge solutions for both buyers and sellers to close with certainty.”

Ribbon is led by top technology and real estate professionals from major startups, such as LendingClub, Airbnb, Spotify, Twitter, Blue Apron, Invitation Homes and American Homes for Rent.

Ribbon received the new funding from existing investors: Bain Capital Ventures, Greylock, NFX and NYCA.

About Ribbon

Ribbon was started by a group of passionate technologists, consumer-centric innovators and real estate experts. The team has built market leading companies and overseen the purchase and sale of over 20,000 homes throughout their careers. We come from notable brands such as: LendingClub, Twitter, Airbnb, Spotify and Invitation Homes.

Ribbon raised financing from top tier venture capitalist firms including: Greylock, NFX, Bain Capital Ventures and NYCA — investors behind incredible brands such as Trulia, Airbnb, LinkedIn and DocuSign. The Company has secured capital to enable over $2 billion in transactions this year.

Ribbon launched in Charlotte, NC, one of the fastest growing real estate markets in the country. The company has an ambitious plan to scale to several new markets by the end of 2019.

SOURCE Ribbon

Related Links
https://www.ribbonhome.com/

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • iOS 26: The Most Personal, Intelligent, and Private iPhone Experience Yet
  • Postman Unveils Agentic AI Tooling to Operationalize API-Driven Intelligence
  • AM Batteries Opens New Facility in Billerica to Advance U.S. Battery Supply Chain
  • Meibel Secures $7 Million to Revolutionize AI Runtime Management
  • Tailor Raises $14 Million to Redefine ERP for Modern Businesses with Composable Architecture
  • Intel Unveils New GPUs and AI Accelerators at Computex 2025
  • Unlocking Critical Minerals: USGS Invites States to Turn Mine Waste into Treasure
  • Blacksmith Reimagines Continuous Integration with AI-Optimized Infrastructure
  • Cloudflare Acquires Outerbase and Expands AI Agent Capabilities to Transform Developer Experiences
  • Cloudflare’s Web Application Firewall Earns Leader Recognition in Forrester Wave Q1 2025

Media Partners

  • Market Analysis
  • Cybersecurity Market
China’s Strategic Shift to RISC-V: Market Implications and Growth Prospects
Understanding Transfer Pricing: A Key Component of Multinational Business Operations
A Comprehensive Tour of Project Management Tools and Integration Platforms
Implementing Odoo ERP in a Small Manufacturing Enterprise: Costs and Considerations
Economic Optimism Meets Uncertainty: Blue Chip Indicators Highlight Post-Election Fiscal Concerns and AI’s Looming Impact
The Future of Connectivity: Insights from Ericsson’s November 2024 Mobility Report
Platinum Market Faces Sustained Deficit Amidst Strong Demand and Constrained Supply
Breaking Beijing’s Grip: U.S. and Australia Unite Against China’s Rare Earth Monopoly
Global AI-Powered Accounting and Audit Services Market Analysis 2023-2030: Growth, Trends, and Forecast
The Re-Emergence of PHP
Cyera Raises $540M to Cement Its Role as AI’s Data Security Backbone
ZeroRISC Secures $10M to Build Transparent, Secure Supply Chains
Cisco Fuses AI Security Into the Network Fabric: A Unified Vision for the Agentic Era
Guardz Raises $56M Series B to Scale AI-Native Cybersecurity Platform for MSPs and SMBs
Horizon3.ai’s $100M Bet on Autonomous Security
Open Source, AI and Cybersecurity Converge in Amsterdam: Previewing the 2025 Open Source Summit Europe and AI_dev GenAI Summit
Training for the Front Lines: Cloud Range Showcases Real-World Cyber Readiness at Gartner Summit 2025
Seraphic Security Unveils BrowserTotal™ – Free AI-Powered Browser Security Assessment for Enterprises
IonQ Accelerates Toward Quantum Supremacy with $1.075B Oxford Ionics Acquisition
Pathlock Democratizes SAP Cybersecurity with Scalable, Transparent Protection Tiers

Media Partners

  • Market Research Media
  • Technology Conferences
The Rise of Headless Content Frameworks in Distributed Media Projects
Developing Web Projects: From Concept to Launch
The Rise of APS-C Cameras: A Professional Renaissance in Photography
Market Brief: Disruption in Spanish Orange Supply Chain and Strategic Response by UK Retailers
Global AI-Powered Movie Scenario Market Analysis 2023-2030: Growth, Trends, and Forecast
Market Research Report: US Government Cybersecurity Market in 2024
Market Research Report: Global Advertising Revenue Projections and Trends in the Entertainment & Media Industry
Social Media: The Rise of Formulaic Content
Netflix’s Creative Decline: The Rise of Formulaic Content
The Transformation of Media: Navigating the Waning Allure of Social Platforms
Apple Announces WWDC25, June 9 to 13, 2025
Adobe Summit 2025, March 17-20, Las Vegas
Embedded World 2025, from 11 to 13 March 2025 in Nuremberg
SATELLITE 2025: Uniting the Global Satellite and Space Communities
The milestone 10th edition of Chatbot Summit on March 31 – April 1, 2025, The Ritz-Carlton, Berlin
Snowflake Summit 2025, scheduled for June 2-5, 2025, in San Francisco
The NVIDIA GPU Technology Conference (GTC) 2025 is set to take place from March 17 to 21 at the San Jose McEnery Convention Center in San Jose, California
The Taipei Nangang Exhibition Center is set to host COMPUTEX 2025 from May 20 to May 23
The Mobile World Congress (MWC 2025) will kick off from March 3 to 6 in Barcelona, Spain
IOT Solutions World Congress 2025: Forging the Future of Industrial Innovation

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains