The company handles repairs for homeowners, then takes payment for the work when the home later sells.

Curbio, a startup that renovates homes and then gets paid when those homes sell, has raised $25 million in a new funding round.

Comcast Ventures, which is part of telecommunication giant Comcast, led the funding round. Other participants included the National Association of Realtors’ Second Century Ventures and several capital funds such as Camber Creek Ventures.

In a statement, Curbio said it will use the new funding “to support rapidly growing demand for” its services.

Rick Rudman

“I feel very fortunate to have the backing of such a talented group of visionaries in the rapidly growing proptech space,” Rick Rudman, Curbio’s CEO, said in the statement. “Their collective experience will be invaluable to Curbio as we transform a $100 billion industry, which has not seen much innovation over the last few decades.”

Curbio launched in 2017. The company describes itself as an “end-to-end technology platform for residential home improvement.” It has an app that lets real estate agents and homeowners track improvement projects, as well as a subcontractor platform that lets service providers choose projects to work on.

However, Curbio’s most distinctive feature may be that it handles renovations on homes that will soon hit the market, but only takes payment for those renovations after the homes actually sell. The company says the result is that the homes it works on sell 50 percent faster than average, and “generate 25 percent increases in home sales prices and Realtor commissions.”

In 2019, Curbio was a member of NAR’s tech accelerator, REACH. The company has also spent the last year striking up partnerships with other firms such as and Coldwell Banker Bain.

Curbio previously raised $7 million in an earlier funding round.

Though months into a global pandemic may superficially seem like a curious time for a home renovation startup to raise money, the chaos wrought by the outbreak has actually driven renewed interest in both homes sales and home improvement. Just days ago, for example, Coldwell Banker CEO M. Ryan Gorman argued that home renovations have become more popular in recent months, and that a brisk market should continue into 2021.

Loans for home improvement have also become more popular during the pandemic.

Sheena Jindal

It makes sense, then, that companies like Curbio would be seeing increased demand for their services at this particular moment. It also makes sense that Curbio would attract new investors right now, and in a statement Comcast Ventures Principal Sheena Jindal said the company is “a classic example of what we look for when investing.”

Curbio ensures sellers get the most value out of their home quickly and reliably while giving buyers a move-in ready home with renovation wrapped into the price of the mortgage,” Jindal added. “We’re looking forward to helping Curbio become a household name in proptech.”

Email Jim Dalrymple II

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription