NEWARK, DE — Ridley has secured $6.4 million in seed funding to accelerate development of its AI-driven real estate platform, expand its commission-free selling tools, and roll out a new buy-side experience aimed at reshaping how consumers purchase homes.
The round was led by Fifth Wall, a major investor in property-technology innovation, with participation from 1984 Ventures, 1Sharpe Ventures, Moxxie Ventures, Aglae Ventures, Park Rangers Capital, and several angel investors, including executives from Stripe and Google.
Ridley said the new capital will support the launch of tools that give buyers access to private listings, active listings, and properties identified through predictive analytics as likely to hit the market soon. Funding will also advance development of the company’s seller-focused capabilities, including expanded use of Ridley Preferred Agents—commission-free experts available on demand.
The company’s platform blends AI guidance, homeowner-provided insights, and interactive chat features to create what Ridley describes as a personalized, data-driven marketplace for both sides of a transaction.
CEO and founder Mike Chambers said traditional real estate structures impose heavy costs on families, estimating more than $100 billion a year in lost consumer value. He said the funding will help Ridley deliver a lower-cost, consumer-led model that reduces fees and improves transparency.
Fifth Wall partner Dan Wenhold said Ridley’s approach represents a reset of how housing transactions should work, noting that AI-driven tools and fee-free assistance can offer a level of efficiency the industry has struggled to achieve.
Ridley reported rapid early traction since its launch on July 15. The company said it has generated more than $4.6 billion in lead volume and currently hosts over $350 million in private listings. To date, 57 homes have sold through the platform, averaging 33 days on market and achieving a 98.3 percent list-to-sold ratio.
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