New York-based real estate investment company Ribbon has secured $300 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 29 and financed by Goldman Sachs.
According to its Crunchbase profile, "Ribbon was created to make home ownership achievable. We work with realtors in local markets to give their clients the freedom to buy the home they want now and the time and flexibility to sell their existing home for the best possible price. We believe that any family buying their next home should have access to a simpler and stress-free process."
The 2-year-old startup has raised three previous funding rounds, including a $225 million Series A round in 2018.
The round brings total funding raised by New York companies in financial services over the past month to $628 million, an increase of $132 million from the month before. The local financial services industry has produced 250 funding rounds over the past year, raking in a total of $5.2 billion in venture funding.
In other local funding news, crowdsourcing and aerospace company BLADE announced a $33 million funding round on Oct. 29, financed by Serena.
According to Crunchbase, "BLADE is a technology-powered, short-distance aviation company committed to reducing travel friction by enabling cost-effective air transportation alternatives. They leverage their technology to enable travelers to utilize and enjoy air travel. BLADE arranges on-demand charter and scheduled flights across a diverse accessible fleet of helicopters, jets, turboprops, and seaplanes."
Founded in 2014, the company has raised three previous rounds, including a $38 million Series B round in 2018.
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