Roofstock

Roofstock Raises $240M in Series E

Roofstock has successfully raised $240M in a Series E at a $1.9B valuation led by Khosla Ventures, Lightspeed Venture Partners, Canvas Ventures, Bain Capital Ventures, Greycroft, Index Ventures.

Company Overview

Roofstock is a PropTech company headquartered in 2600 10th Street, Berkeley, CA 94710, founded in 2015 with 400+ employees.

Online marketplace for single-family rentals

Fundraising Details

• Amount Raised: $240M
• Round Type: Series E
• Valuation: $1.9B
• Date: 2024-05-14
• Investors: Khosla Ventures, Lightspeed Venture Partners, Canvas Ventures, Bain Capital Ventures, Greycroft, Index Ventures

About Roofstock

Online marketplace for single-family rentals The company is positioned in the PropTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 2600 10th Street, Berkeley, CA 94710
• Founded: 2015
• Team Size: 400+
• Industry: PropTech

What This Means

This funding round demonstrates strong investor confidence in Roofstock's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The PropTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Roofstock's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.9B valuation marks an important milestone for Roofstock, positioning the company among notable players in the PropTech industry.

Looking Ahead

With this new capital, Roofstock is well-positioned to execute on its growth strategy and continue building innovative solutions in the PropTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-14. For more information about Roofstock, visit their headquarters at 2600 10th Street, Berkeley, CA 94710.