Roofstock was founded in 2015 by Devin Wade, Gary Beasley, Gregor Watson, and Rich Ford. Beasley, the CEO, has a proven record of leading companies through successful IPOs (Ziprealty as CFO, Starwood Waypoint Residential Trust as co-CEO). These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Roofstock's platform makes real estate investment easy, accessible, and cost-effective for "everyone from first-time investors to global asset managers." The company reports that they have recently passed $4 billion in transaction volume and are continuing to grow. In 2021, the company acquired Stessa and Great Jones, a pair of real estate portfolio and property management platforms. In 2018, Roofstock acquired Streetlane Homes, a tenant-facing property management platform. Roofstock has raised over $132 million funding from investors including Silicon Valley Bank, Citi Ventures, Fortross Ventures, 7 Global Capital, Khosla Ventures, and others. According to a 2020 press release, Roofstock's last major equity round raised $50 million. Beasley has not spoken publicly about a post-money valuation, but it is estimated to be between $500 million and $1 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/31/2024 | Series MM | $244.68MM | $xx.xx | $1.13B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
26,827,882
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
05/31/2024 | Series MM-1 | $12.78MM | $xx.xx | $1.13B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,401,374
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/10/2022 | Series E | $240MM | $xx.xx | $1.94B | 7gc & Company, Bain Capital Ventures, Canvas Ventures, Caz Investments, Citi Ventures, Doordash Angels, Expanding Capital, First American Financial, Jll Spark, Khosla Ventures, Lightspeed Venture Partners, Masco Ventures, Moving Capital, Newton Investment Management North America, Pegasus Technology Ventures, Softbank, Svb Capital, The Private Shares Fund | |
Price per Share
$xx.xx
Shares Outstanding
8,139,704
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
7gc & Company, Bain Capital Ventures, Canvas Ventures, Caz Investments, Citi Ventures, Doordash Angels, Expanding Capital, First American Financial, Jll Spark, Khosla Ventures, Lightspeed Venture Partners, Masco Ventures, Moving Capital, Newton Investment Management North America, Pegasus Technology Ventures, Softbank, Svb Capital, The Private Shares Fund
|
||||||
01/08/2020 | Series D | $192.42MM | $xx.xx | $593.11MM | 7 Global Capital, Bain Capital Ventures, Canvas Ventures, Citi Ventures, Fort Ross Ventures, Khosla Ventures, Lightspeed Venture Partners, Svb Financial Group | |
Price per Share
$xx.xx
Shares Outstanding
16,165,775
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
7 Global Capital, Bain Capital Ventures, Canvas Ventures, Citi Ventures, Fort Ross Ventures, Khosla Ventures, Lightspeed Venture Partners, Svb Financial Group
|
||||||
01/08/2020 | Series D-1 | $13.16MM | $xx.xx | $593.11MM | 7 Global Capital, Bain Capital Ventures, Canvas Ventures, Citi Ventures, Fort Ross Ventures, Khosla Ventures, Lightspeed Venture Partners, Svb Financial Group | |
Price per Share
$xx.xx
Shares Outstanding
1,105,781
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
7 Global Capital, Bain Capital Ventures, Canvas Ventures, Citi Ventures, Fort Ross Ventures, Khosla Ventures, Lightspeed Venture Partners, Svb Financial Group
|
||||||
01/18/2018 | Series C | $50MM | $xx.xx | $300MM | All Iron Ventures, Asia Pacific Land, Bain Capital Ventures, Canvas Ventures, Csc Upshot Ventures, Fifth Wall, Fj Labs, German Ventures, Great Oaks Venture Capital, Khosla Ventures, Lightspeed Venture Partners, Nyca Partners, Qed Investors, Svb Financial Group | |
Price per Share
$xx.xx
Shares Outstanding
6,715,167
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
All Iron Ventures, Asia Pacific Land, Bain Capital Ventures, Canvas Ventures, Csc Upshot Ventures, Fifth Wall, Fj Labs, German Ventures, Great Oaks Venture Capital, Khosla Ventures, Lightspeed Venture Partners, Nyca Partners, Qed Investors, Svb Financial Group
|
||||||
01/18/2018 | Series C-1 | $531,533.32 | $xx.xx | $300MM | All Iron Ventures, Asia Pacific Land, Bain Capital Ventures, Canvas Ventures, Csc Upshot Ventures, Fifth Wall, Fj Labs, German Ventures, Great Oaks Venture Capital, Khosla Ventures, Lightspeed Venture Partners, Nyca Partners, Qed Investors, Svb Financial Group | |
Price per Share
$xx.xx
Shares Outstanding
71,387
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
All Iron Ventures, Asia Pacific Land, Bain Capital Ventures, Canvas Ventures, Csc Upshot Ventures, Fifth Wall, Fj Labs, German Ventures, Great Oaks Venture Capital, Khosla Ventures, Lightspeed Venture Partners, Nyca Partners, Qed Investors, Svb Financial Group
|
||||||
11/14/2016 | Series B | $20MM | $xx.xx | $100MM | Bain Capital Ventures, Khosla Ventures, Lightspeed Venture Partners, Nyca Partners, Qed Investors, Sv Angel | |
Price per Share
$xx.xx
Shares Outstanding
6,017,926
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Khosla Ventures, Lightspeed Venture Partners, Nyca Partners, Qed Investors, Sv Angel
|
||||||
12/29/2015 | Series A-1 | $7MM | $xx.xx | $42MM | Bain Capital Ventures, Grey Wolf Vc, Hone Capital, Otter Rock Capital, Zenstone Venture Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,615,322
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Grey Wolf Vc, Hone Capital, Otter Rock Capital, Zenstone Venture Capital
|
||||||
07/28/2015 | Series A | $6.5MM | $xx.xx | $11.85MM | Khosla Ventures, Marc Benioff, Nyca Partners, Qed Investors, Sv Angel | |
Price per Share
$xx.xx
Shares Outstanding
6,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Khosla Ventures, Marc Benioff, Nyca Partners, Qed Investors, Sv Angel
|