Roofstock has secured $20 million in Series B Funding. Image: Shutterstock
US rental housing marketplace Roofstock has secured $20 million worth of Series B funding led by Lightspeed Venture Partners.
The Oakland-based startup claims it's the first online marketplace created exclusively for investing in leased single-family rental homes that generate cash flow from day one.
Will Kohler of Lightspeed Venture Partners said the company was motivated to change the space occupied by rental investors in the US.
“Real estate is perhaps the greatest untapped sector for technologicalinnovation in the U.S. today and Roofstock is quickly gaining traction with institutional and retail investors alike," Kohler said.
“We were attracted to Roofstock because of the size of the market and deep experience and proven track record of their leadership team. We could not be more excited about the opportunity to partner with them to build a great company that will change the way real estate is bought and sold.”