# Rive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rive

- Industry: Real Estate Development & Operating Companies
- Headquarters: Helsinki, Finland
- Website: www.rivehomes.com
- Total disclosed funding: $30M
- Latest round: Series A (Nov 30, 2022)
- Investors on record: 9

## About

Based in Helsinki, Finland, and founded in 2017, Homerun Technologies Oy, doing business as Rive, formerly known as Kodit.io., operates as a real estate development company. The company was founded by its CEO, Kalle Salmi, CTO, Nico Rotstein, and co-founder, Martti Suomela. In November 2022, Homerun Technologies Oy raised EUR 23 million in Series A funding led by IDC Ventures. As of 2023, the company had 300 employees and served clients in regions like Finland, Spain, and Poland.

Rive offers a property management platform, which is a real estate technology platform that helps individuals and families purchase and sell homes and provides affordable homes for communities. The services offered by the company include cash offers, which are particularly useful for homeowners who need to sell their home quickly; brokerage services; Rive Pay, which is a platform that allows people to rent their dream home; Rive Reno, which is a renovation program; and Rive Homes, which is a platform that enables users to buy apartments.

The company plans to use the funds raised in November 2022 to accelerate its real estate services platform and international growth via an M&A strategy.

## Funding rounds

- Series A, Nov 30, 2022, $24M — IDC Ventures
- Series A, May 16, 2019, $3.4M — Speedinvest, FJ Labs, Icebreaker, Acurio Ventures, Adevinta Ventures
- Seed, Aug 24, 2018, $2M — Speedinvest, Schibsted Growth, Icebreaker, Adevinta Ventures
- Seed, Sep 20, 2017 — Finnvera, Finnish Funding Agency for Technology and Innovation, Icebreaker

## Investors

- Finnvera (https://capitalatlas.ai/funds/finnvera) — Seed
- Finnish Funding Agency for Technology and Innovation — Seed
- Icebreaker (https://capitalatlas.ai/funds/icebreaker) — Seed, Series A
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Series A
- Schibsted Growth (https://capitalatlas.ai/funds/schibsted-growth) — Seed
- Adevinta Ventures (https://capitalatlas.ai/funds/adevinta-ventures) — Seed, Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Acurio Ventures (https://capitalatlas.ai/funds/acurio-ventures) — Series A
- IDC Ventures — Series A