Roofstock Attracts $240M and its Market Valuation Hits $1.9B
Digital real estate platform Roofstock has recently raised $240 million in a Series E funding round, which has resulted in the company’s valuation reaching $1.9 billion.
Some of the participants in the fundraising, led by SoftBank Vision Fund 2, include Lightspeed Venture Partners, Citi Ventures, Bain Capital Ventures and other companies.
Serena Dayal, investment director at SoftBank Investment Advisers, said:
“Real estate is a huge asset class that has been relatively untouched by technology. Because of this, it was often fragmented, analogous, and inefficient. Roofstock makes buying and investing in rentals seamless and affordable.”
The funds will be used to help the company focus on innovation, new products, mergers and acquisitions and increase headcount.