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. 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.
Gary Beasley, CEO and Co-Founder of Roofstock, said:
“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. 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.”
Read more here