# Ribbon Home

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ribbon-home

- Industry: Internet
- Headquarters: New York, US
- Website: www.ribbonhome.com
- Total disclosed funding: $330M
- Latest round: Series C (Sep 12, 2021)
- Investors on record: 10

## About

Founded in 2017 and based in New York, US, Ribbon Home, Inc. operates an online platform that allows users to buy, rent and sell homes with no appraisal. The company was founded by Shaival Shah and Jian Wei Gan. In May 2023, Easyknock, Inc. a portfolio company of Alumni Ventures Group, Blumberg Capital, Gaingels Syndicate, Moderne Ventures, Oaktree Capital Management, QED Investors, and Viola Group acquired Ribbon Home, Inc.

The company simplifies the homebuying process by enabling homebuyers with an all-cash, guaranteed-to-close Ribbon Offer to present to homesellers. Buyers are pre-approved for a purchase and home valuations are completed within 24 hours, making the offer experience fast, transparent, and predictable. If a homebuyer can't close with a mortgage on time, the company buys and reserves the home on behalf of the homebuyer and leases it to them for up to six months.

The company generates revenue by charging a fee of 1% if the buyer closes with their own financing, 2.0 - 2.75% if Ribbon steps in to reserve the home, and up to 3.25% if the home is already under contract and Ribbon is needed to rescue the closing.

## Funding rounds

- Series C, Sep 12, 2021, $75M — Bain Capital, Greenspring Associates, Greylock Partners, Thomvest Ventures, Waterfall Asset Management, TriplePoint Capital, Nyca, NFX, First American Financial Corporation, 75 & Sunny
- Series B, Oct 29, 2019, $30M — Bain Capital, Greylock Partners, Thomvest Ventures, Nyca, NFX
- Series A, Oct 25, 2018, $225M — Bain Capital, Greylock Partners, Nyca, NFX
- Seed, May 15, 2018 — Bain Capital, Greylock Partners, Nyca, NFX

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A, Series B, Series C
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed, Series A, Series B, Series C
- Nyca (https://capitalatlas.ai/funds/nyca) — Seed, Series A, Series B, Series C
- NFX (https://capitalatlas.ai/funds/nfx) — Seed, Series A, Series B, Series C
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Series B, Series C
- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series C
- Waterfall Asset Management (https://capitalatlas.ai/funds/waterfall-asset-management) — Series C
- TriplePoint Capital (https://capitalatlas.ai/funds/triplepoint-capital) — Series C
- First American Financial Corporation — Series C
- 75 & Sunny (https://capitalatlas.ai/funds/75-sunny) — Series C