Curbio, Inc., a Potomac, MD-based pay-at-closing home improvement solution for real estate agents, brokerages and their listing clients, closed a $25m credit facility and a new banking relationship with Cambridge Trust, with headquarters in Cambridge, Ma.
The $25 million credit facility, along with a $65m Series B funding round announced in January, brings Curbio’s total 2022 funding to $90 million. Cambridge Trust joins Revolution Growth, Camber Creek, Comcast Ventures, Brick & Mortar Ventures, Kayne Partners, Masco Ventures, and Second Century Ventures, the investment arm of the National Association of Realtors®.
The company, which has now raised a total of $118 million since its founding in late 2017, intends to use the funds to expand into additional markets, further develop its proprietary technology and support growth, which is expected to exceed $100 million in 2023.
Led by Rick Rudman, CEO, Curbio partners exclusively with real estate agents and their clients to get any home ready for the market, allowing it to sell faster and for top dollar. Using technology to power their service, Curbio completes pre-listing home improvement projects of any size quickly, from start to finish, with zero payment due until the home sells. Curbio is used by thousands of realtors and brokerages nationwide.
FinSMEs
16/08/2022