Rive Asset Profile

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

Year established

2017

Location

Helsinki Finland

Primary Industry

Real Estate Development & Operating Companies

About

Based in Helsinki, Finland, and founded in 2017, Homerun Technologies Oy, doing business as Rive, formerly known as Kodit.io., operates as a real estate development company. The company was founded by its CEO, Kalle Salmi, CTO, Nico Rotstein, and co-founder, Martti Suomela. In November 2022, Homerun Technologies Oy raised EUR 23 million in Series A funding led by IDC Ventures. As of 2023, the company had 300 employees and served clients in regions like Finland, Spain, and Poland. Rive offers a property management platform, which is a real estate technology platform that helps individuals and families purchase and sell homes and provides affordable homes for communities. The services offered by the company include cash offers, which are particularly useful for homeowners who need to sell their home quickly; brokerage services; Rive Pay, which is a platform that allows people to rent their dream home; Rive Reno, which is a renovation program; and Rive Homes, which is a platform that enables users to buy apartments. The company plans to use the funds raised in November 2022 to accelerate its real estate services platform and international growth via an M&A strategy.

Current Investors

Finnvera, Finnish Funding Agency for Technology and Innovation, Icebreaker

Request a demo to show more

Primary Industry

Real Estate Development & Operating Companies

Sub Industries

Consulting Services, Internet, Real Estate Development & Operating Companies

Website

www.rivehomes.com

Verticals

Artificial Intelligence, Artificial Intelligence, Real Estate Tech

Company Stage

Series A

Total Amount Raised

Subscriber access only

Timeline of Key Events

Want to see the Timeline of Key Events?

Request a demo for full access to this profile.

Financials

Fiscal Year Ended
Revenue (USD)
% Revenue Growth (YoY)
Operating Income (USD)
Operating Margin
EBITDA (USD)
% EBITDA Margin
NET Income (USD)
% Net Margin

30 Nov 2018

1,896,616

(831,196)

(43.8%)

(811,081)

(42.8%)

(850,257)

(44.8%)

30 Nov 2019

31 Dec 2020

31 Dec 2021

Unlock the recent years of financials and more for Rive.

Request a demo to see more.

Employee Data

Want to see the Employee Count?

Request a demo for full access to this profile.

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.