Over $4B in new capital deployed during September. Learn more about some of the ground-breaking rounds that shaped the NYC funding landscape.
The hybrid and work-from-home trend is driving the housing market to frenzied levels. Homes are selling at record speed; the median number of days a home sits on the market is down to 3 in some popular markets. With such competition, buyers need to ensure they are presenting the most competitive and clean offers in order to ensure they are able to purchase their desired properties. Ribbon is a homeownership facilitation platform that lets existing homeowners submit all-cash offers for new properties. Ribbon’s clients, introduced through agents and lending partners, are able to avoid contingencies that can delay and derail deals in this market and sellers are guaranteed prompt payment without drawn-out closings. Founded in 2017, the startup currently operates in six states with plans to expand its footprint to include more markets and more product offerings. AlleyWatch caught up with Ribbon CEO and Cofounder Shaival Shah to learn more about the company, the state of the red-hot housing market, strategic plans, and latest round of funding from investors that include Greenspring Associates, Greylock, Bain Capital Ventures, NFX, Nyca, Thomvest, Jake Seid, First American Financial, Waterfall Asset Management, TriplePoint Capital, 75 & Sunny Ventures, Gary Beasley, Gregor Watson, and Guy Gal.
The housing market has been red-hot with buyers looking for new spaces in a remote-first market. In some popular markets, the median number of days a home sits on the market is as low as 3 days. More than 68% of sales come from situations where there is a competing offer. With such dynamics, time is of the essence especially for buyers that already have existing homes that need to be sold. Orchard is a home buying and selling platform that allows homeowners to manage this delicate balancing act by allowing buyers to purchase a new home before they have sold their existing properties. Through the Orchard Dashboard, homeowners can manage the entire purchasing transaction with integrated options for mortgages, title, and insurance as well as managing the sale of the existing property by setting up listings, showings, cleanings, and light repairs. AlleyWatch sat down with Orchard Cofounder and Chief Product and Marketing Officer Phil DeGisi to learn more about the company’s mission to streamline the home buying and selling process, the state of the real estate market, the company’s expansion plans, latest round of funding from investors that include Accomplice, FirstMark, Revolution, First American, and Juxtapose.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 9/11/21 featuring funding details for Printify, Aviarix, TrueFort, and fourteen other rounds that you need to know about.
20 new fundings; $680M+ in new funding secured for NYC startups this past week. NYC Tech News for the week ending 7/24 featuring news for Block Renovation, Ethena, Aiera, and much, much more.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 7/24/21 featuring funding details for Miles, Dwolla, Dover, and twenty-seven other rounds that you need to know about.
8 fundings totaling $395M including three rounds that you will not read about anywhere else + details of a company that’s building floating cities in the ocean. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 7/20/2021 featuring funding details for Lev, Tilting Point, and much more.