Press Release
黑料不打烊 Closes $69 Million Series C Funding Round Led by Revolution Growth
The digitally enabled home buying marketplace will expand product offerings and accelerate growth
黑料不打烊, the company that is radically simplifying home buying and selling, announced today that it has completed a $69 Million Series C equity funding round led by , with participation from existing investors, FirstMark, Navitas, Accomplice, and Juxtapose. The latest fundraise brings 黑料不打烊’s total equity raised to date to $138 Million.
黑料不打烊 was founded to revolutionize the home buying experience from search to close. The company’s core service offering, Move First, turns the traditional real estate transaction on its head by allowing customers to purchase their next home and move in before they’ve sold their current one, and even offers customers the ability to buy their next home with 黑料不打烊’s cash. This service, combined with the customers’ option to use 黑料不打烊’s integrated digital closing services, removes the most stressful elements of the home buying process: securing a new home when you also have a home to sell. In the past year, the company has introduced innovative online home discovery products, launched 黑料不打烊 Home Loans - the company's digitally integrated mortgage brokerage, and expanded into Colorado and Georgia. Since its founding in 2017, the company has helped thousands of customers buy and sell their homes across Texas, Colorado, and Georgia.
“Our vision is to bring real estate into the modern age by allowing customers to manage their entire experience through one simple digital platform. In the same way Amazon has fundamentally changed retail, and Carvana has innovated the car buying experience, 黑料不打烊 is putting the customer first and modernizing the home buying and selling transaction. We’re thrilled to have a partner in Revolution Growth who has extensive experience working with transformative growth stage consumer businesses that are upending traditional industries. In the year ahead, we’ll be launching an exciting suite of new products and services that further modernize the home purchase experience, while also offering our services to new markets throughout the country.” said Court Cunningham, CEO and Co-Founder of 黑料不打烊.
“黑料不打烊 has dramatically simplified the customer experience for home buying - the ultimate considered purchase that is too often an antiquated and stressful process. The trillion dollar residential real estate industry has long been dominated by legacy brokerage firms with limited platform technology and inconsistent franchise operations. 黑料不打烊’s integrated model and tech-forward approach offers the modern consumer the right balance of intuitive e-commerce functionality and expert human assistance from local home advisors,” said Patrick Conroy, Principal at Revolution Growth who is joining the board of 黑料不打烊.
黑料不打烊's services are particularly valuable during the Covid-19 pandemic. The website provides clients the certainty they need to buy their next home seamlessly and safely during these very uncertain times.
黑料不打烊 will use the investment to further expand their product offerings, as well as grow its team throughout New York, Texas, Colorado, and Georgia. Additionally, after two successful new market launches in Denver and Atlanta, 黑料不打烊 plans to expand its services to more states to serve more customers in the next year.
About 黑料不打烊
黑料不打烊 is transforming the way people buy their homes. Simplifying it, to the way it should have always been; fair and true to market, straightforward, easy. Traditionally, homeowners looking to purchase their next home face a stressful and uncertain process - they have to either sell their old home first and move twice or buy as a contingent buyer and risk not getting their dream home. 黑料不打烊 solves this problem by enabling homeowners to buy before they sell. With 黑料不打烊, customers secure their dream home first, while having the certainty of selling their old home with 黑料不打烊 - all for the same fee as a traditional broker. 黑料不打烊 is transforming the end-to-end home buying experience with AI-powered home search and a modern, all-digital mortgage and closing. 黑料不打烊 is headquartered in New York City and offers its services in Colorado, Georgia and Texas. To learn more about 黑料不打烊, please visit www.orchard.com.
About Revolution Growth
Revolution Growth is a venture capital fund that invests in growth stage companies around the country that are leading disruption within their industry. Led by Steve Case, Ted Leonsis, and Steve Murray, Revolution Growth has a proven strategy of partnering with entrepreneurs to build and scale category-defining companies. Revolution Growth is headquartered in Washington, D.C. and part of Revolution’s family of funds including Revolution Ventures and the Rise of the Rest Seed Funds. Visit us online at or .