Roofstock Closes $50 Million Series D Equity Round

The company’s growth will be supported by the latest funding, including investment in its data science, product and engineering capabilities, expanding its retail supply and distribution network and rolling out Roofstock Platform Services.

FREMONT, CA: The single-family rental home sector, Roofstock has closed on a $50 million Series D equity round. This round brings the total amount of equity raised to $133 million. Several new investors including Citi Ventures, Fort Ross Ventures and 7 Global Capital as well as prior round lead investors Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners and Canvas Ventures participated in financing led by SVB Capital.

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

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

A division of SVB Financial Group, SVB Capital 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.

Gary Beasley, CEO and Co-Founder of Roofstock mentioned that 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. He also added that the funding is a validation of the work to lower the barriers to entry and level the playing field for real estate investing. Now with the help of Roofstock individual investors will also get the same level of information, access and operational support that used to be available only for large institutions.

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