Curbio, a Potomac, MD-based pay-at-closing home improvement company for real estate agents, raised $25M in financing.
The round was led by Comcast Ventures, with participation from Camber Creek, Brick & Mortar Ventures, Second Century Ventures (the strategic investment arm of the National Association of Realtors®), Curbio board member and former ADT CEO, Tim Whall, and Curbio CEO, Rick Rudman. SCV, In addition to an equity investment, is also providing venture debt in this funding round.
The company will use the funds for market expansion, technology development and growth of their invitation-only job platform for the country’s best contractors.
Curbio provides home improvement services created specifically to help real estate agents fix-up client homes before they go on the market, so they sell quickly and at the best price, without any payment until the home is sold.
The company is using proprietary technology to improve the customer experience in home improvement. Its platform and app makes it easy to monitor project schedules, visual updates and all project communication from any location. This keeps projects running smoothly and eliminates the process of visiting project sites, tracking down updates and playing phone tag with contractors.
The company is a graduate of the NAR REACH growth program which leverages the association’s more than 1.4 million members to help refine and scale promising solutions for REALTORS®.