Ridley says its upcoming buy-side experience will include access to private listings, publicly listed homes and properties expected to hit the market, supported by predictive analytics.
Investment will also support development of its seller products and the expansion of Ridley Preferred Agents, who provide on-demand support without commission fees.
“The current real estate market was not built around consumers — and it’s costing families across the U.S. as much as $100 billion a year,” said Mike Chambers, CEO and founder of Ridley. “This funding round will allow us to keep building a complete, lower-cost, consumer-led experience.
“By expanding into the buy-side and introducing new features, we’re creating a modern marketplace where both buyers and sellers benefit from real value, instead of losing out on profit from traditional fees.”
The round was led by Fifth Wall, with participation from 1984 Ventures, 1Sharpe Ventures, Moxxie Ventures, Aglae Ventures, Park Rangers Capital and several angel investors, including executives from Stripe and Google.
Fifth Wall partner Dan Wenhold said the company’s approach could shift how real estate transactions operate.
“Ridley is redefining what a modern real estate transaction should look like,” he said. “By stripping out unnecessary fees and putting AI directly in the hands of consumers, they are unlocking a level of transparency and efficiency this industry has never been able to deliver. What Mike and his team are building isn’t just a better user experience, it’s a fundamental re-architecture of the housing marketplace. We’re excited to support Ridley as they scale a truly consumer-first model.”
Ridley launched in mid-July and has generated more than $4.6 billion in lead volume, according to the company.
The platform currently lists over $350 million in private listings. Ridley says 57 homes have sold through the platform so far — with an average of 33 days on the market and a list-to-sold ratio of 98.3%.
