Roofstock Raises $240M At $1.9B Valuation To Expand Access To Real Estate Investing

Mar 10, 2022•over 3 years ago

Amount Raised

$240 Million

Oakland

Description

Roofstock, the leading end-to-end online platform for single-family rental (SFR) investing, today announced it closed a $240 million Series E equity financing round, bringing the company's valuation to $1.94 billion. SoftBank Vision Fund 2 led the financing with participation from existing and new investors including Khosla Ventures, Lightspeed Venture Partners, Bain Capital Ventures, Canvas Ventures, Citi Ventures, First American Financial, Expanding Capital, 7GC & Co., JLL Spark, SVB Capital, The Private Shares Fund, Masco Ventures, Newton Investment Management North America, Pegasus Technology Ventures, CAZ Investments, Moving Capital (aka Uber Alumni Investment Club) and DoorDash Angels.

Company Information

Company

Roofstock

Location

Oakland, California, United States

About

Roofstock is the leading digital real estate investing platform for the $4 trillion single-family rental home (SFR) sector. Its innovative technology and software level the market's playing field, making it possible for both incumbents and new investors to maximize opportunities across the U.S. and realize substantial rewards in a customized, transparent digital experience. The company provides extensive resources for institutional and retail investors to buy, manage, and sell investment real estate online. Founded in 2015 and recently named to Forbes' list of America's Best Startup Employers 2022, Roofstock has raised over $400 million from investors such as Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners, Canvas Ventures, SVB Capital and SoftBank Vision Fund 2. A recently-minted proptech "unicorn" with nearly a $2 billion valuation, Roofstock has facilitated more than $5 billion in transactions on its platform to date. Contact: press@roofstock.com SOURCE Roofstock

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