The Benzinga Global Fintech Awards are a yearly showcase of the best and brightest in fintech. In preparation for its biggest installment yet in May 2018, we're profiling the companies competing for the BZ Awards.
Our next feature is on Roofstock.
Roofstock announced Thursday that the venture capital arm of Silicon Valley Bank had joined its latest funding round, bringing the property investing startup's funding total to $42 million.
What does your company do? What unique problem does it solve?
Roofstock also makes owning easy by setting investors up with best-in-class property management options. This empowers owners to separate investing from operations and buy in markets with the best returns—no matter where they live.
Who are your customers?
Roofstock caters to both retail and institutional investors looking to buy and sell rental properties.
How long have you been in business?
The company launched in 2015.
Where are you located?
Roofstock is headquartered in Oakland, CA.
Who is your company's leadership? What kind of experience do they have?
Roofstock was co-founded by Gary Beasley, CEO, and Gregor Watson, Chairman.
Who are your investors, if any?
Roofstock has raised $68,250,000 to date, with a recent $35M Series C investment led by Canvas Ventures in October 2017. Other investors since Roofstock’s launch include Lightspeed Ventures, Bain Capital Ventures, Khosla Ventures, Hone Capital, QED Investors, Nyca Partners, and several angel investors.
Is there anything else Benzinga should know about your company?
Roofstock started with two employees (co-founders Gary Beasley and Gregor Watson) and has grown to a team of 85 in just two years. The company has experienced rapid growth and now exceeds the pace at which Lending Club grew.
Photo courtesy Roofstock
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