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Few companies have had the kind of run Curbio is enjoying.
Founded by Rick Rudman in 2017, the company has raised $118 million via three funding rounds.
It has racked up multiple accolades, including a victory at a “Pitch Battle” hosted by the National Association of Realtors’ for-profit investment subsidiary, Second Century Ventures.
And it’s now doing pre-sale home renovations in 55 different markets. NAR even partnered with the company last month.
But all of those wins have also come against the backdrop of apparent growing pains for the company that have included strained relationships with some Realtors and past clients, as well as dozens of lawsuits.
Brian Schwalb
In November, Washington, D.C. Attorney General Brian Schwalb filed suit against Curbio, dismissing its practices as a “scheme of deception, intimidation and fraud.”
Curbio denied nearly all of Schwalb’s allegations and told Inman its record of serving over 4,000 customers shows why it has grown so rapidly.
“We strongly disagree with the assertions made by the D.C. attorney general’s office, and we have filed our response denying all allegations,” Curbio said in a statement. “Not only are the assertions without merit, but they also paint a false narrative of Curbio and the valuable services we provide to get homes fixed up and ready to sell while allowing customers to wait until the home sells to pay Curbio. We’ve completed thousands of projects with a strong track record of reliable and successful outcomes for real estate agents and their clients.”
But interviews with more than a dozen Realtors, past clients, industry experts, a former Curbio employee and records from litigation between…