Roofstock Closes $7M Series A-1 Funding
Roofstock, a San Francisco Bay Area-based online marketplace and community created exclusively for investing in leased single-family rental homes, closed a $7m Series A-1 round.
The round was led by Bain Capital Ventures, with participation from Grey Wolf and CSC Venture Capital.
This followed a $6.25m Series A round raised in May 2015 and led by Khosla Ventures with participation from QED Investors and Nyca Partners, as well as Ron Conway’s SV Angel and Marc Benioff, founder and CEO of Salesforce.com, Rich Boyle, former CEO of Loopnet, Eric Wu, CEO of Opendoor and Jeff Fluhr, founder and former CEO of StubHub.
Founded in 2015 by CEO Gary Beasley, Chairman Gregor Watson, chief development officer Rich Ford, and Devin Wade, Roofstock has just launched a dedicated online marketplace for investing in leased single-family rental (SFR) homes. It provides research, analytics and insights to evaluate and purchase independently certified properties at set prices. Closing is facilitated by electronic document delivery and e-signatures.
At opening, the site is offering certified inventory in several markets in Florida with other markets to be added throughout the year.