Ribbon Home was a New York-based proptech startup founded in 2017 by Shaival Shah and Wei Gan that offered a 'power buying' platform enabling homebuyers to make cash-backed offers. Ribbon would purchase a home on behalf of the buyer and give the buyer up to 180 days to secure traditional mortgage financing, helping families compete with all-cash and institutional buyers. The company raised over $625M in equity and debt from investors including Greylock, Bain Capital Ventures, NFX, Nyca Partners, Thomvest, Greenspring Associates, and Goldman Sachs. After the housing market slowdown in 2022, Ribbon laid off ~85% of its staff and was acquired by sale-leaseback proptech EasyKnock in May 2023. EasyKnock itself collapsed in December 2024, and Ribbon's brand and core technology were subsequently acquired by Dallas-based Hurst Lending in July 2025, where it now operates as a division offering alternative home financing.
Ribbon Home has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2017
Total Funding
$409M
4 rounds
Total raised $409M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series C
Date
September 14, 2021
Amount
$150M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| September 14, 2021 | Series C | $150M | — | Greenspring Associates |
| October 29, 2019 | Series B | $30M | — | Greylock |
| October 25, 2018 | Series A | $225M | — | Greylock Partners |
Shaival Shah
Co-Founder & CEO (former)
Wei Gan
Co-Founder & CTO (former)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Opendoor
Public iBuyer that purchases and resells homes directly to consumers; competed with Ribbon in tech-enabled homebuying.
Knock
Power buyer offering 'Home Swap' bridge financing so homeowners can buy a new home before selling their existing one.
Homeward
Austin-based power buyer that makes cash offers on behalf of agents' clients; direct competitor to Ribbon's RibbonCash Offer.
Flyhomes
Seattle-based brokerage and power buyer providing cash-offer guarantees and trade-in programs.
Orchard
Tech-enabled brokerage offering 'Move First' bridge buying and home trade-in solutions.
EasyKnock
Sale-leaseback proptech that acquired Ribbon in 2023 and later shut down in December 2024.
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.