Ribbon Raises $225M in Funding

ribbonRibbon, a New York and Charlotte-based home buying technology platform, raised $225m in funding.

Backers included Bain Capital Ventures, Greylock, NFX and NYCA.

The company intends to use the funds to accelerate national expansion.

Led by CEO Shaival Shah, Ribbon provides personalized home valuations, a mobile experience for Realtors and a new pricing model that is free to buyers.

The company launched in Charlotte, expanded into Cary and Asheville, N.C. and into Fort Mill and Indian Land, S.C., and plans to expand into 10 new markets by the end of 2019.  It has signed up realtors across all major brokerages and secured partnerships with some of the largest names. The roster of certified agents currently represent over $2 billion in annual home sales in Charlotte alone.





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