Roofstock

Roofstock

Online marketplace for single-family rentals

About Roofstock

Simplify's Rating
Why Roofstock is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Real Estate

Company Size

201-500

Company Stage

Series E

Total Funding

$371.6M

Headquarters

Oakland, California

Founded

2015

Overview

Roofstock is an online marketplace that allows investors to purchase single-family rental homes that are already leased to tenants, enabling immediate passive income without the hassle of property management. The platform targets individual investors looking to diversify their portfolios with real estate, particularly those who prefer remote investing. Roofstock stands out by enhancing liquidity in the traditionally illiquid real estate market and offers a rigorous property certification process, including inspections and a money-back guarantee. The company's goal is to simplify real estate investing, making it accessible and straightforward for individual investors.

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Simplify's Take

What believers are saying

  • The merger with Mynd enhances Roofstock's technology platform for SFR investors.
  • Roofstock's NFT property sales attract tech-savvy investors seeking innovative opportunities.
  • Key hires strengthen Roofstock's institutional capabilities, attracting more institutional investors.

What critics are saying

  • Increased competition from new entrants could erode Roofstock's market share.
  • Economic uncertainty and interest rate hikes may reduce transaction volumes on Roofstock's platform.
  • Integration challenges post-merger with Mynd could lead to operational inefficiencies.

What makes Roofstock unique

  • Roofstock offers a unique marketplace for leased single-family rental homes.
  • The platform provides a 30-day money-back guarantee for property purchases.
  • Roofstock's rigorous property certification process ensures transparency and security for investors.

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Funding

Total Funding

$371.6M

Above

Industry Average

Funded Over

5 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-3%

2 year growth

-2%
PYMNTS
Dec 30th, 2024
Vacasa Merges With Fellow Vacation Rental Firm Casago

Vacation rental property management companies Casago and Vacasa are becoming one.Casago will acquire all Vacasa’s stock in a $128.6 million deal, MarketWatch reported Monday (Dec. 30).“This transaction combines the strengths of both companies and accelerates progress toward a shared vision: empowered local teams, delivering best-in-class home care and revenue for homeowners, and providing superior hospitality for guests,” a Monday news release said. “Combining Casago and Vacasa will create an unmatched vacation rental management platform, pairing the advantages of an international brand with the personalized care of local management.”The combined company will become a private company following the completion of the transaction, expected to become final near the end of the first quarter or the early part of the second quarter of 2025, according to the release.Vacasa has nearly eight times as many properties in its portfolio as the company acquiring it, PhocusWire reported Monday. Vacasa has struggled since going public in 2021, with revenue for its most recent quarter down 17% year over year. The company has held two rounds of layoffs this year and lost its chief operating officer, John Banczak, who now holds the same title at Casago.Also Monday, the companies announced in the press release that Roofstock, a property-tech platform, plans to invest in and provide strategic guidance to the combined company.“Roofstock brings deep real estate expertise through its service offerings and software solutions, including helping more than 300,000 property owners with nearly 1 million units optimize the performance of their rental properties,” the release said.In other news from the sector, Hostaway announced earlier this month that it secured a $365 million investment to bolster its vacation rental software and management system designed for short-term rental property owners and managers.The company plans to use the new financing to fuel its international expansion, product development and artificial intelligence initiatives.Hostaway CEO and co-founder Marcus Räder said at the time the investment would also be used “to further expand our footprint across the world, especially in key markets like France, Spain and Italy.”

KDJ
Nov 30th, 2024
RWA Tokens: A New Era of Crypto Investment as Bitcoin Nears $100K

Landshare has partnered with ForumPay and Roofstock to help stablecoin holders access real estate without fiat conversion.

PR Newswire
Jun 3rd, 2024
Bgl Announces The Merger Of Mynd And Roofstock

The merger gives real estate investors access to a robust technology platformCHICAGO, June 3, 2024 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the merger of Mynd, the company transforming how investors find, finance, lease, manage, and sell SFR properties, with Roofstock, a leading real estate services and investment platform specializing in the single-family rental (SFR) sector. BGL's Real Estate & Property Technology investment banking team served as the exclusive financial advisor to Mynd in the transaction. The specific terms of the transaction were not disclosed.This merger gives real estate investors access to a robust technology platform. Post this Brown Gibbons Lang & Company (BGL) is pleased to announce the merger of Mynd, the company transforming how investors find, finance, lease, manage, and sell SFR properties, with Roofstock, a leading real estate services and investment platform specializing in the single-family rental (SFR) sector. BGL’s Real Estate & Property Technology investment banking team served as the exclusive financial advisor to Mynd in the transaction.Headquartered in Oakland, California, Mynd is a tech-enabled real estate company serving the $85+ billion property management and real estate investment market. Powered by a proprietary, all-in-one digital platform and local listing and property management experts, Mynd aims to simplify the entire investment journey for both first-time and veteran investors, allowing more Americans access to the single-family residential sector as a way to build intergenerational wealth

Connect CRE
May 17th, 2024
Single-Family-Rental Investment Platforms Roofstock and Mynd Merge

Gary Beasley, Roofstock's co-founder and CEO, will continue as CEO, and Mynd's co-founder and CEO, Doug Brien, will become president of Roofstock.

GlobeNewswire
May 16th, 2024
Roofstock And Mynd Merge To Power The Next Chapter Of Growth In Single-Family Rental Investing

OAKLAND, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Roofstock, a leading real estate services and investment platform specializing in the single-family rental (SFR) sector, and Mynd, the company transforming how investors find, finance, lease, manage, and sell SFR properties, today announced that the two entities have merged to create an end-to-end platform to power the next chapter of growth for the SFR asset class. This merger gives real estate investors access to a robust technology platform, deep data insights to inform their buying and selling decisions, and a property management system built specifically for SFR to ensure their units are leased, well maintained, and generating strong returns. Under the terms of the deal, Mynd will merge into the Roofstock corporate entity, while property management operations will continue to operate under the Mynd brand. Gary Beasley, Roofstock’s co-founder and CEO, will continue as CEO, and Mynd’s co-founder and CEO, Doug Brien, will become President of Roofstock. “By bringing together our complementary capabilities into one platform, we will achieve greater scale and be able to provide enhanced value to our customers,” said Gary Beasley, Chief Executive Officer at Roofstock. “Doug and I share a vision for technology-enabled and data-driven investing and management that will help solidify Roofstock as a premier end-to-end solution for SFR investors.” Mynd and Roofstock’s platforms were both built specifically for SFR

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