AI home transaction platform Indigo secures $8M seed round

Six months after launch, Indigo has secured its first funding round backed by NFX, Era Ventures and GTM Fund. The company will use the funds to expand its reach throughout the Southeast. Continue reading

Former Ribbon team launches AI-fueled home transaction platform

The team that founded EasyKnock-acquired power buyer Ribbon has launched Indigo, an artificial intelligence-powered transaction management and home search platform. The platform is only available in Charlotte and is free to use until Oct. 1. Continue reading

EasyKnock juggling lawsuits, regulators in multiple states

Sale-leaseback platform tells NPR civil lawsuits in Texas and other states are “meritless” and that it’s cooperating with attorneys general in Massachusetts and Michigan. Continue reading

Ribbon makes massive cuts, leaving fewer than 30 workers

In an email on Monday, a spokesperson for the power buyer confirmed to Inman that the firm had laid off workers and would now “be a company of less than 30 people.” Continue reading

Ribbon suspends cash offer service, working on new tools for spring

The New York-based power buyer had been purchasing homes on behalf of RibbonCash clients who were unable to close a deal with their own financing. Continue reading

Ribbon back in expansion mode with push into Illinois and Michigan

Less than two months after layoffs, the power buyer says it’s still on track to meet a goal of being operational in 25 states by the end of the year. Continue reading

CoStar, Adena Hefets take top Inman Innovator awards at ICLV

Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at ICLV on Friday. Continue reading

Ribbon slashes one-third of workforce to adjust to ‘new reality’

After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an “achievable path to profitability.” Continue reading

Ribbon partners with Coldwell Banker Heritage for Ohio launch

Ohio is the sixth new state the New York-based Power Buyer has added this year, giving it a presence in 13 states. Continue reading