Single-Family Rental Home Platform Roofstock Raises $50 Million

By Noah Long ● January 16, 2020
  • Roofstock, a leading online marketplace for investing in the $3 trillion single-family rental home sector, announced it raised $50 million in Series D funding

Roofstock — a leading online marketplace for investing in the $3 trillion single-family rental home sector — announced it raised $50 million in Series D funding. SVB Capital led the financing. And Citi Ventures, Fort Ross Ventures, and 7 Global Capital joined the round as well as prior round lead investors Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners, and Canvas Ventures.  Including this round of funding, the company has raised a total of $133 million.

This round of funding will be used for supporting the company’s continued growth, including investment in its data science, product and engineering capabilities, expanding its retail supply and distribution network and rolling out Roofstock Platform Services — which is the company’s latest service which lets institutional investors build their own tailored portfolios of single-family rental homes.

“Roofstock makes it easy for anyone, no matter where they live, to add real estate to their investing strategy, with minimal overhead and no prior knowledge needed,” said Gary Beasley, CEO and Co-Founder of Roofstock. “This funding is a validation of our work to lower the barriers to entry and level the playing field for real estate investing. Roofstock gives individual investors the same level of information, access and operational support that used to be available only for large institutions.”

“Roofstock is in the vanguard of the rapidly-growing proptech space,” added Sulu Mamdani, Managing Partner of SVB Capital. “As startups continue to broaden access to financial services, we see real estate as an incredibly attractive asset class for retail investors looking to go beyond the typical stock and bond portfolio.”

Roofstock makes it easier for investors of all sizes to buy, own, and sell investment properties at a fraction of the cost and with much less friction than historically has been the norm. And Roofstock gives users access to rich market and neighborhood data, combined with powerful analytical tools that make it easy to compare and contrast different investment properties across the country.

SVB Capital, a division of SVB Financial Group, was chosen to lead the round in part due to its interest in the promise of Roofstock One, which offers shares in fully managed investment homes for as little as $5,000 per share.

Launched in 2015, the company has facilitated over $2 billion in transaction volume through its marketplace to date.