Roofstock

Roofstock is a leading financial technology startup based in Oakland, California, that was founded in May 2015 by Gary Beasley, Rich Ford, and Gregor Watson. The company's primary focus is on making the process of buying and selling single-family rental properties easier and more accessible to individual investors. Roofstock provides a user-friendly online marketplace where buyers and sellers can connect and conduct real estate transactions.

Since its inception, Roofstock has been expanding its services and acquisitions to provide a complete end-to-end solution for real estate investors. In July 2018, Roofstock acquired Streetlane, a Dallas-based single-family rental management company, to provide investors with property management services. With this acquisition, Roofstock expanded its offerings to include property management services, such as rent collection, maintenance coordination, and tenant screening.

In March 2021, Roofstock further expanded its portfolio of services by acquiring Stessa, a leading asset management software-as-a-service solution for single-family rental investors. This acquisition enabled Roofstock to provide investors with a comprehensive set of tools to manage their real estate investments, from property selection to ongoing asset management.

In August 2021, Roofstock acquired Great Jones, a property management platform that offers a range of services to property owners and tenants. The acquisition of Great Jones further enhanced Roofstock's property management offerings, enabling the company to provide investors with a complete suite of property management services.

In August 2022, Roofstock made its most recent acquisition, purchasing RentPrep, a tenant screening company. RentPrep's services include background checks, credit reports, and eviction reports, which will help Roofstock's clients make informed decisions about prospective tenants.

Roofstock's acquisitions have enabled the company to provide investors with a comprehensive range of services, from property selection to property management and tenant screening. Roofstock's innovative approach to real estate investing has made it a leading player in the industry, and its continued expansion is sure to make it an even more significant force in the years to come..[1]

Roofstock
Industry
  • Financial Technology
  • Investing
  • Real Estate
Founded2015
Founder
  • Gary Beasley
  • Rich Ford
  • Gregor Watson
HeadquartersOakland
Number of employees
400+
Websitewww.roofstock.com

Acquisitions
  • In July 2018, Roofstock acquired Streetlane, a Dallas-based single-family rental management company.[2]
  • In March 2021, Roofstock acquired Stessa, the leading asset management software-as-a-service solution for SFR investors.[3]
  • In August 2021, Roofstock acquired Great Jones property management platform.[4]
  • In August 2022, Roofstock acquired RentPrep, a tenant screening company.[5]

Awards and accolades
  • 2017: Named #42 in Best Small Workplaces.[6]
  • 2018: Named #37 in Best Workplaces.[6]
  • 2019: Won the HousingWire Tech100.[7][8]
  • 2019: Named to the Forbes Fintech 50 List.[9]
  • 2019: Received the first ever Finovate Awards award for Best Alternative Investments Platform.[10]
  • 2019: Named #32 in Best Workplaces in the Bay Area (Small and Medium).[6]
  • 2021: Named to the Forbes Fintech 50 List.[11]
  • 2022: Named #21 in Best Workplaces in the Bay Area (Small and Medium).[6]
  • 2022: Named to the Forbes Fintech 50 List.[12]
  • 2022: Named #90 in Best Workplaces for Millennials (Small and Medium).[13]
  • 2022: Named #667 on the Inc. 5000 list.[14]
  • 2022: Named #45 in Best Workplaces in Technology (Small and Medium).[15]
  • 2022: Named #6 in Best Workplaces for Women (Small and Medium).[16]
  • 2022: Named to CB Insights' Fintech 250 list.[17]
  • 2022: Announced first non-fungible token (NFT) home sale.[18]
  • 2023: Won the HousingWire Tech100.[19]

Funding

References
  1. "About Us - Who We Are, Press, and Job Openings - Roofstock". www.roofstock.com. Retrieved 2022-06-23.
  2. "Roofstock Acquires Streetlane - silicontap.com". www.silicontap.com. Retrieved 2020-01-31.
  3. "JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock". www.us.jll.com. 2021-03-03. Retrieved 2022-06-15.
  4. "Roofstock buys Great Jones platform to help investors profit on their real estate". HousingWire. 2021-08-26. Retrieved 2022-06-15.
  5. Roofstock. "Roofstock Acquires Leading Tenant Screening Company RentPrep". www.prnewswire.com. Retrieved 2022-08-12.
  6. Work, Great Place to. "Working at Roofstock, Inc". Great Place to Work. Retrieved 2022-06-20.
  7. "Roofstock acquires single-family rental management platform". HousingWire. 2018-07-18. Retrieved 2020-01-31.
  8. "2019 HW Tech100 winner: Roofstock". HousingWire. 2019-04-01. Retrieved 2020-01-31.
  9. "The Forbes Fintech 50 For 2019". Forbes. Retrieved 2022-06-20.
  10. "Drumroll... Finovate Awards Winners Announced". Finovate. 2019-09-25. Retrieved 2020-01-31.
  11. "The Fintech 50 2021". Forbes. Retrieved 2022-06-20.
  12. "The Fintech 50 2022". Forbes. Retrieved 2022-06-20.
  13. "Best Workplaces for Millennials™ 2022". Great Place to Work®. Retrieved 2022-07-18.
  14. "Meet the Inc. 5000 Companies: Winning in a Time of Change and Achieving Spectacular Growth". Inc.com. Retrieved 2022-08-25.
  15. "Fortune Best Workplaces in Technology™ 2022". Great Place to Work®. Retrieved 2022-09-07.
  16. "Fortune Best Workplaces for Women™ 2022". Great Place to Work®. Retrieved 2022-09-27.
  17. "The Fintech 250: The most promising fintech companies of 2022". CB Insights Research. Retrieved 2022-10-04.
  18. Dobson, Amy Rose. "Blockchain Makes Deeper Inroads Into Real Estate As Roofstock Announces Its First NFT Home Sale". Forbes. Retrieved 2023-03-13.
  19. Collins, Lesley (2023-03-01). "Announcing the 2023 Tech100 Real Estate Winners". HousingWire. Retrieved 2023-03-13.
  20. "Roofstock launches marketplace for purchasing rented homes". TechCrunch. Retrieved 2020-01-31.
  21. "Funding Snapshot: Home Rental Marketplace Roofstock Raises $20M Series B". Wall Street Journal. 2016-11-14. ISSN 0099-9660. Retrieved 2020-01-31.
  22. "Roofstock, a marketplace for single-family homes with tenants, just closed on $35 million in new funding". TechCrunch. Retrieved 2020-01-31.
  23. Loizos, Connie (Jan 7, 2020). "Roofstock, which makes it easier to buy a home as an investment property, just raised $50 million in new funding". TechCrunch. Retrieved 2020-01-31.{{cite web}}: CS1 maint: url-status (link)
  24. Welborn, Seth (2020-01-13). "Roofstock Closes $50M SFR Equity Round". DSNews. Retrieved 2020-01-31.
  25. Roofstock. "Roofstock raises $240M at $1.9B valuation to expand access to real estate investing". www.prnewswire.com. Retrieved 2022-06-15.
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