ICYMI: Roofstock valued at $1.9 billion with new funding round led by SoftBank Vision Fund
Digital real estate platform Roofstock closed aThe Roofstock platform enables the $4 trillion fragmented, cottage industry of single-family rentals or"SFRs" to become a relevant asset class. Since it was founded in 2015, the platform has facilitated more than $5 billion in transaction volume, half of which came in the last year, according to a company statement.
These are made up of both individual investors and portfolio transactions by institutional investors. In 2021, Roofstock bought homes on behalf of institutional clients, representing overwith participation from existing and new investors. "Real estate is a huge asset class that has been relatively untouched by technology, and is often fragmented, analog and inefficient as a result.
The firm has also been open about its potential application of blockchain, particularly the possible tokenization of real-world assets, something it discussed publicly last year. "The company is also investing to help further improve accessibility and liquidity in the SFR asset class," Roofstock said in its Thursday release."It recently was accepted into the Cypher Accelerator program at the Stevens Center for Innovation in Finance at the
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