Roofstock Valuation, Funding & Investors
Roofstock is valued at $1.9B as of March 2022.
Last Roofstock valuation
$1.9B
Series E · Mar 2022
Last Roofstock funding round
$240M
Series E · Mar 2022
Cumulative funding Roofstock raised
$365M
across 7 funding rounds
Key investors in Roofstock
Khosla Ventures
Lightspeed Venture Partners
Bain Capital Ventures
FJ Labs
QED Investors
Nyca Partners
About Roofstock
Roofstock is an online marketplace specializing in single-family rental homes available for purchase as turnkey investments across 50 U.S. markets including Atlanta, Phoenix, and Memphis. The Oakland-headquartered platform, founded in 2015, offers independently inspected properties with existing leases, property management options, and detailed analytics on cash flow, cap rates, and market rents. Investors access over 1,000 listings valued from $100,000 to $500,000, backed by title insurance and 3D tours. Roofstock facilitates transactions totaling billions in volume, serving individual and institutional buyers seeking passive income streams.
Founded
2015
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$1.9B (Mar 2022)
Roofstock Valuation
Roofstock is currently valued at $1.9B, based on its Series E in March 2022.
The $240M round was led by SoftBank Group.
Roofstock's valuation has grown 7.8x from $250M at its Series C in October 2017 to $1.9B in March 2022, across 3 priced rounds.
Roofstock valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2022 | Series E | $1.9B |
| Jan 2018 | Series C | $550M |
| Oct 2017 | Series C | $250M |
Roofstock Funding History
Roofstock has raised a total of $365M across 7 funding rounds.
Roofstock's first fundraising round was a $6M Series A in July 2015. The most recent completed round was a $240M Series E in March 2022.
Roofstock funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series E | SoftBank Group (lead) | $240M | $1.9B | Roofstock is the leading end-to-end online platform for single-family rental (SFR) investing, enabling institutional and retail investors to buy, manage, and sell investment real estate online. Founded in 2015 and headquartered in Oakland, California, the company facilitates seamless access to rental homes, addressing fragmentation in the real estate sector. It was named to Forbes' list of America's Best Startup Employers 2022 and has been recognized as a proptech unicorn. On March 10, 2022, Roofstock closed a $240 million Series E equity financing round led by SoftBank Vision Fund 2, achieving a post-money valuation of $1.94 billion. The round included participation from existing investors like Khosla Ventures, Lightspeed Venture Partners, Bain Capital Ventures, Canvas Ventures, and SVB Capital, as well as new investors such as Citi Ventures, First American Financial, and others. This brought total funding raised to over $400 million, with prior rounds including a $50 million Series D in January 2020 led by SVB Capital. At the time of the round, Roofstock had surpassed $5 billion in transaction volume on its platform, with more than half occurring in the prior year. The company announced plans to double its workforce in engineering, product, marketing, analytics, and operations, expand property management tools, release new products like analytics and banking services for landlords, enhance accessibility and liquidity in SFR investing, and pursue strategic M&As. SoftBank Investment Advisers highlighted Roofstock's potential as interest in SFR grows, positioning it as a category leader. Post-funding, Roofstock entered the Cypher Accelerator at Wharton for real estate tokenization and sold its first single-family home using NFTs. By March 2023, amid a challenging macro environment, the company, still valued at around $1.9 billion from the prior round, reduced staff by 27% to manage cash burn. |
| Jan 2020 | Series D | SVB Capital (lead); LINK ASSET MANAGEMENT; R136 Ventures; Khosla Ventures; Lightspeed Venture Partners; Canvas Prime; Citi Ventures; Bain Capital Ventures; 7GC & Co | $50M | - | Roofstock is an online marketplace for single-family rental investment properties founded in 2015. The platform enables individual and institutional investors to buy, manage, and sell investment real estate online, with tools for portfolio management, analytics, and deal execution. As of early 2020, the company had facilitated over $2 billion in total transactions since launching and operated in more than 70 U.S. markets. In January 2020, Roofstock raised $50 million in Series D funding led by SVB Capital, with participation from Fort Ross Ventures, 7 Global Capital, Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners, Canvas Ventures, and Citi Ventures. The company declined to disclose its post-money valuation following this round, stating only that it had raised $133 million cumulatively. By late 2019, Roofstock's marketplace run rate reached approximately 500 home transactions per month, with 75% of users being first-time real estate investors and more than half under age 35. The company later raised a $240 million Series E round in March 2022 at a $1.94 billion valuation, demonstrating significant growth in the interim period. |
| Jan 2018 | Series C | SVB Capital (lead); Acurio Ventures; FJ Labs; Nyca Partners; QED Investors; Khosla Ventures; Lightspeed Venture Partners; Canvas Prime; Bain Capital Ventures | $7M | $550M | Roofstock raised a $7M tranche in its Series C funding round in January 2018 led by SVB Capital, with participation from Asia Pacific Land. This followed an initial $35M Series C close led by Canvas Ventures with investors including Lightspeed Venture Partners, Bain Capital Ventures, Khosla Ventures, Nyca Partners, QED Investors, and FJ Labs. The round brought the total Series C to $42M at a $250M valuation according to one source. Roofstock operates an online marketplace for tenant-occupied single-family rental properties, facilitating investments in turnkey rentals across U.S. markets. |
| Oct 2017 | Series C | Canvas Prime (lead); FJ Labs; Nyca Partners; QED Investors; Khosla Ventures; Lightspeed Venture Partners; Sapphire Ventures; Bain Capital Ventures | $35M | $250M | Roofstock operates an online marketplace for tenant-occupied single-family rental properties, allowing investors to buy properties with existing renters to generate immediate cash flow without the hassle of finding tenants. In October 2017, the company announced a $35 million Series C funding round led by Canvas Ventures (noted as Canvas Prime in query), with participation from existing investors including Lightspeed Venture Partners, Bain Capital Ventures, Khosla Ventures, Nyca Partners, QED Investors, and FJ Labs, bringing total funding to under $70 million. A DC Advisory report references a $42 million Series C at $250 million pre-money valuation led by Canvas Ventures, aligning closely with the announced round details, investors, and timing around April-October 2017. The platform targets the large single-family rental market, facilitating transactions for first-time and experienced investors. At the time, Roofstock had grown to 65 employees and focused on expanding its marketplace for turnkey rental properties. Post-2017, Roofstock continued raising capital, including a $7M Series C extension in 2018, $50M Series D in 2020 (total raised $133M, transaction volume over $2B, 500 homes/month run rate), and a $240M Series E in March 2022 at $1.94B valuation led by SoftBank, with revenues nearly tripling YoY and over $5B cumulative transaction volume. |
| Nov 2016 | Series B | Lightspeed Venture Partners (lead); SV Angel; FJ Labs; Nyca Partners; QED Investors; Khosla Ventures; Güimar Vaca Sittic; Hone Capital; Bain Capital Ventures | $20M | - | Roofstock is an online marketplace and transaction platform for single-family rental (SFR) properties, enabling investors to find, evaluate, and invest in cash-flowing rental homes with tools and transparency. Founded in May 2015, the company launched publicly in March 2016 and had expanded to 10 markets by November 2016, engaging thousands of registered users and growing transaction volume by 400% from Q2 to Q3 that year. It primarily serves institutional clients but increasingly retail investors purchasing properties site unseen. Roofstock targets the $2 trillion SFR market, providing research, analytics, and insights for independently certified properties. On November 14, 2016, Roofstock raised $20 million in its Series B funding round led by Lightspeed Venture Partners, with participation from existing investors including Khosla Ventures, Bain Capital Ventures, Nyca Partners, QED Investors, and SV Angel. This brought total funding to $33.25 million, following a $7 million Series A in March 2016 led by Bain Capital Ventures and an earlier $6.3 million venture round. Lightspeed's Will Kohler highlighted real estate as the greatest untapped sector for technological innovation in the U.S. The funds were intended to drive U.S. expansion, invest in product development, engineering, data science, and roll out an asset management platform. CEO Gary Beasley noted strong demand since launch, indicating a market need for better real estate investment methods. |
| Mar 2016 | Series A | Bain Capital (lead); CSC Upshot; SV Angel; Brendan Wallace; Grey Wolf; Khosla Ventures; Eric Wu; Hone Capital; Marc Benioff; ZenStone Venture Capital; German Ventures | $7M | - | Roofstock raised $7 million in its Series A funding round in March 2016, led by Bain Capital, with participation from investors including Khosla Ventures, SV Angel, and others. The Oakland-based company operates an online marketplace for single-family rental investment properties, enabling retail and institutional investors to find, evaluate, and purchase cash-flowing rentals. This round brought total funding to approximately $9.25 million following a prior $2.25 million Series A in July 2015. Roofstock launched in 2015 and quickly expanded its platform to markets including Atlanta, Tampa, Jacksonville, Miami, Orlando, San Francisco, and others by late 2016. The company facilitates tenant-occupied home sales with low referral fees for agents and planned to use subsequent funding for national expansion, product development, engineering, data science, and asset management tools. In a follow-on Series B in November 2016, Roofstock raised $20 million led by Lightspeed Venture Partners, bringing total equity funding to $33.25 million. |
| Jul 2015 | Series A | Avant Global LLC | $6M | - | - |
Who has invested in Roofstock?
27 investors have backed Roofstock across its funding rounds, including Khosla Ventures, Lightspeed Venture Partners, Bain Capital Ventures, FJ Labs, QED Investors and Nyca Partners.
Lead investors include SoftBank Group, SVB Capital, Canvas Prime, Lightspeed Venture Partners and Bain Capital.
Roofstock Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Participant | Mar 2016 | |
| San Francisco, CA | 4 | Lead | Nov 2016 | |
| San Francisco, CA | 4 | Participant | Nov 2016 | |
| New York City, NY | 3 | Participant | Nov 2016 | |
| New York City, NY | 3 | Participant | Nov 2016 | |
| Alexandria, VA | 3 | Participant | Nov 2016 | |
| San Francisco, CA | 3 | Lead | Oct 2017 | |
| San Francisco, CA | 2 | Lead | Jan 2018 | |
| San Francisco, CA | 2 | Participant | Mar 2016 | |
| San Francisco, CA | 2 | Participant | Mar 2016 | |
 Seoul | 1 | Participant | Jan 2020 | |
| San Francisco, CA | 1 | Participant | Mar 2016 | |
 Bilbao | 1 | Participant | Jan 2018 | |
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Start Free TrialAcquisitions by Roofstock
Roofstock has acquired 5 companies to date.
Last acquisition by Roofstock was on May 16th 2024. Roofstock acquired Mynd for undisclosed valuation.
Latest Acquisitions by Roofstock
| Description | Mynd is a San Francisco-headquartered property management company specializing in single-family rentals across 30 U.S. markets. The platform handles tenant placement, rent collection, maintenance, and 1099 filings using proprietary software for owners. Managing 15,000 properties, it guarantees rent payments and eviction protection. Investors access portfolio analytics and cash-out refinancing through integrated tools. | RentPrep is a Portland-based tenant screening service operating in the United States rental market. The platform delivers background checks, credit reports from TransUnion, eviction history, and criminal records searches within 24 hours. RentPrep includes identity verification and criminal watchlists covering all 50 states for landlords managing single-family homes and apartments. | Great Jones is a New York City-based proptech company delivering property management software and services for single-family rental owners. The platform automates operations, maintenance, leasing, and payments in the US rental market, connecting landlords to vendors and residents with full-service tools developed by alumni from Uber and Warby Parker. | Stessa is a San Francisco-headquartered property management platform acquired by JLL Spark in 2018 that serves real estate investors owning single-family rentals and multifamily buildings. The tool automates income and expense tracking, delivers tax-ready financial reports, and visualizes performance metrics through dashboards. Stessa supports over 100,000 properties nationwide, offering free access for individual landlords while providing premium features for larger portfolios. Founded in 2016, it connects to bank accounts and property management software like AppFolio. | |
| HQ Country | | | | | |
| HQ City | San Francisco, CA | Buffalo, NY | New York City, NY | San Francisco, CA | |
| Deal Date | 16 May 2024 | 4 Aug 2022 | 25 Aug 2021 | 6 Mar 2021 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Roofstock Competitors
Roofstock competitors include listed companies like Lime and TX Group, and private ones like Pacaso, ZigBang, Bucketplace and PAPA GROUP.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $330M | - | $1.5B | 4.5x | |
| Seoul | Private | $80M | - | $2B | 25.4x | |
| Seoul | Private | $181M | - | $1.4B | 7.7x | |
 Hong Kong | Private | - | $201M | $1.4B | - | |
| United States | Publicly listed | $887M | $87M | $2B | - | |
 Switzerland | Publicly listed | $1.1B | $310M | $2B | 2.1x |
Roofstock Public Comps
Roofstock is still privately-owned, but its public comps include Lime, Poly Property Services, Ziff Davis, TBO.com, TX Group, Smartstop Self Storage, Intea Fastigheter, ACV Auctions, Grainger plc and Visional.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $887M | $87M | 2.2x | - | 22.2x | - | |||
| $2.6B | $354M | 0.1x | 0.1x | 0.8x | 0.8x | |||
| $1.5B | $335M | 0.9x | 1.0x | 3.8x | 3.3x | |||
| $262M | $41M | 6.7x | 5.2x | 43.2x | 34.3x | |||
| $1.1B | $310M | 2.1x | 2.1x | 7.2x | 8.1x | |||
| $281M | $129M | 10.6x | 12.0x | 23.2x | 19.0x | |||
| $159M | $140M | 20.6x | 18.1x | 23.4x | 22.2x | |||
| $760M | ($19M) | 2.3x | 2.1x | (89.6x) | 24.8x | |||
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Common questions about Roofstock
| When was Roofstock founded? | Roofstock was founded in 2015. |
| Where is Roofstock headquartered? | Roofstock is headquartered in San Francisco, CA, United States. |
| Is Roofstock publicly listed? | No, Roofstock is a private, VC-backed company. |
| What is Roofstock's valuation? | Roofstock was last valued at $1.9B in its Series E in March 2022. |
| How much funding has Roofstock raised? | Roofstock has raised $365M across 7 funding rounds. |
| What was Roofstock's last funding round? | Roofstock's last funding round was a $240M Series E in March 2022, led by SoftBank Group. |
| Who are Roofstock's investors? | Roofstock's investors include Khosla Ventures, Lightspeed Venture Partners, Bain Capital Ventures, FJ Labs, Nyca Partners, QED Investors, Canvas Prime, SVB Capital, SV Angel, Hone Capital and 17 others. |
| Which companies are comparable to Roofstock? | Companies comparable to Roofstock include Pacaso, ZigBang, Bucketplace, PAPA GROUP, Lime and TX Group. |
| How many companies has Roofstock acquired? | Roofstock has acquired 5 companies, including Mynd, RentPrep, Great Jones, Stessa and Streetlane Homes. |
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