Rive Funding, Investors & Competitors

Rive has raised $146M across 4 funding rounds, most recently a $24M Series A in November 2022.

See full Rive profile

Last Rive funding round

$24M

Series A · Nov 2022

Cumulative funding Rive raised

$146M

across 4 funding rounds

Key investors in Rive

  • Speedinvest
  • Icebreaker.vc
  • Adevinta Ventures
  • FJ Labs
  • Acurio Ventures
  • IDC Ventures
  • GE32 Capital
  • Schibsted

Rive Overview

About Rive

Helsinki-headquartered Rive is a full-service real estate platform operating in Finland, Poland, and Spain for buying, selling, renovating, and financing homes. The iBuying service provides cash offers to sellers and delivers turnkey renovated properties to buyers in cities like Warsaw, Madrid, and Barcelona. Founded in 2017 by Homerun Technologies, it employs local agents for transactions.


Founded

2017

HQ

FinlandHelsinki

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Rive Funding History

Rive has raised a total of $146M across 4 funding rounds.

Rive's first fundraising round was a $2M seed round in August 2018. The most recent completed round was a $24M Series A in November 2022.

Rive funding rounds

Rive funding rounds
DateStageInvestorsRaised
Nov 2022Series AIDC Ventures (lead)$24M
Oct 2020Undisclosed stageNREP (lead)$117M
May 2019Series AAcurio Ventures; FJ Labs; Speedinvest; GE32 Capital; Adevinta Ventures; Icebreaker.vc$3M
Aug 2018SeedAdevinta Ventures (lead); Schibsted (lead); Speedinvest (lead); Icebreaker.vc$2M

Who has invested in Rive?

9 investors have backed Rive across its funding rounds, including Speedinvest, Icebreaker.vc, Adevinta Ventures, FJ Labs, Acurio Ventures and IDC Ventures.

Lead investors include IDC Ventures, NREP, Adevinta Ventures, Schibsted and Speedinvest.


Rive Investors

Investors in Rive by funding rounds participated
InvestorHQRoundsRoleFirst check
SpeedinvestAustriaVienna2LeadAug 2018
Adevinta VenturesSpainBarcelona2LeadAug 2018
Icebreaker.vcFinlandHelsinki2ParticipantAug 2018
Acurio VenturesSpainBilbao1ParticipantMay 2019
NREPDenmarkCopenhagen1LeadOct 2020
FJ LabsUnited StatesNew York City, NY1ParticipantMay 2019
GE32 CapitalBrazilSão Paulo1ParticipantMay 2019

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Acquisitions by Rive

Rive has acquired 1 company to date.

Last acquisition by Rive was on May 20th 2021. Rive acquired Lucas for undisclosed valuation.


Latest Acquisitions by Rive

Lucas
Description
Lucas is a Madrid-based proptech company that facilitates homeownership for millennials via a rent-to-buy model. Customers invest 5 percent of a property's value, while Lucas finances the remaining 95 percent and leases the flat back with an option to purchase within three to five years at a fixed price. Rental payments accumulate as equity credits atop the initial deposit. Operating primarily in Spain, the platform launched in 2019 and targets urban renters seeking flexibility between tenancy and ownership without purchase commitment.
HQ CountrySpain
HQ City
Madrid
Deal Date20 May 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Rive Competitors

Rive competitors include listed companies like Swire Properties, Swiss Prime Site, PSP Swiss Property and FIBRA Prologis, and private ones like Habi and Orchard.

Public and private companies comparable to Rive
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HabiColombiaColombiaPrivate--$1B-
OrchardUnited StatesNew York City, NYPrivate--$1B-
Swire PropertiesHong KongHong KongPublicly listed$2B$152M$18B9.9x
Swiss Prime SiteSwitzerlandSwitzerlandPublicly listed$672M$499M$12B32.2x
PSP Swiss PropertySwitzerlandSwitzerlandPublicly listed$434M$390M$8.3B28.5x
FIBRA PrologisMexicoMexicoPublicly listed$648M$114M$7.2B13.2x

Rive Public Comps

Rive is still privately-owned, but its public comps include Brookfield, Brookfield Asset Management, Vingroup, Samsung C&T, CBRE, Sun Hung Kai Properties, D.R. Horton, Goodman Group, Emaar Properties and Mitsubishi Estate.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Brookfield$75B$32B6.1x59.5x14.4x64.8x
Brookfield Asset Management$4.6B$3.2B17.6x13.6x25.1x24.6x
Vingroup$13B$3.1B6.2x5.0x25.8x37.1x
Samsung C&T$30B$3.8B1.5x1.4x11.9x13.2x
CBRE$41B$2.5B1.2x1.1x19.8x13.6x
Sun Hung Kai Properties$10B$4B4.8x4.2x12.4x12.4x
D.R. Horton$34B$4.7B1.3x1.4x9.5x10.4x
Goodman Group$1.8B-21.7x16.9x-20.0x

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Common questions about Rive

When was Rive founded?Rive was founded in 2017.
Where is Rive headquartered?Rive is headquartered in Helsinki, Finland.
Is Rive publicly listed?No, Rive is a private, VC-backed company.
How much funding has Rive raised?Rive has raised $146M across 4 funding rounds.
What was Rive's last funding round?Rive's last funding round was a $24M Series A in November 2022, led by IDC Ventures.
Who are Rive's investors?Rive's investors include Speedinvest, Adevinta Ventures, Icebreaker.vc, Acurio Ventures, NREP, FJ Labs, GE32 Capital, Schibsted and IDC Ventures.
Which companies are comparable to Rive?Companies comparable to Rive include Habi, Orchard, Swire Properties, Swiss Prime Site, PSP Swiss Property and FIBRA Prologis.
How many companies has Rive acquired?Rive has acquired 1 company, including Lucas.

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