Backflip
Real estate financing technology
- 101-200 employees
- Fintech
- B2B
- Real Estate
- Civic Center, Denver, CO
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Company mission
To empower entrepreneurs to revitalize homes, so people can love where they live.
Our take
Flipping houses, despite its allure, poses significant challenges, especially when it comes to securing financing and navigating the complexities of real estate investments.
Enter Backflip, a startup founded in 2020 which addresses these challenges. It offers a streamlined approach to borrowing money for short-term real estate investments. The company not only facilitates financing but also leverages technology to assist investors in sourcing, tracking, and evaluating potential investments.
Despite entering the market during a period of surging interest rates, Backflip has achieved remarkable growth, boasting impressive annualized revenue and nearing profitability. With its impressive debt funding round in 2024, the company is ready to revolutionize the fix and flip industry further, offering a Residential Transition Loan ( RTL) solution that could help reshape the real estate investment landscape.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Backflip Equity: Backflip offers generous employee ownership equity packages. We firmly believe that we are all owners and treat everyone as such
- Health and Wellbeing: Backflip offers 100% coverage health benefits for employees and their families, plus available dental, vision, and life insurance
- Company Offsites: We hold team retreats every quarter for fun productive work time! Past trips have been to Crested Butte, CO, Dallas and Austin, TX, Park City, UT and New Orleans, LA
- Time Off: We want people to take time off to rest and rejuvenate. Backflip offers unlimited paid vacation and the ability to remote work from anywhere
- Parental Leave: Our founders have each had two children within the first two years of starting Backflip and understand the importance of time spent with family
- Tools: You’ll receive a stipend for new equipment including a laptop, monitor, desk and other accessories you need to do your best work. Plus, cellular plan monthly credits
- 401(k) + Match: All employees are eligible to participate in Backflip’s 401(k) retirement savings plan, which includes a company match on initial contributions
Funding (last 2 of 3 rounds)
Oct 2024
$30m
EARLY VC
Apr 2024
$15m
SERIES A
Total funding: $53m
This company has top investors
Leadership
Joshua Ernst
(CEO & Co-Founder)Co-founded urBin where they served as the CEO. Was also a Principal at Revel Partners and COO at Trelly.
Jake Rome
(COO & Co-Founder)Previously a Senior Vice President at Sentral and Ascentris. Before that, they worked at Amstar Group in several Analyst/Associate roles.