Roofstock, a US-based online marketplace for single-family rental homes, obtained $7m in a series C extension on Thursday that featured real estate firm Asia Pacific Land and brought the round’s total to $42m.
SVB Capital also joined the extension. Roofstock raised $35m in an initial tranche in October 2017 from investors led by Canvas Ventures, with participation from Lightspeed Venture Partners, Bain Capital Ventures, Khosla Ventures, Nyca Partners, QED Investors, and FJ Labs.
Roofstock operates an online marketplace for investments in single-family rental homes. It currently has listings across 25 markets in the US.
The platform facilitates buying, selling and owning rental property with detailed home and tenant data and vetted property management. Investors can also gain general market insights to evaluate property investments in a larger context.
The series C round will support an expansion into additional markets and the addition of new features to the platform.
Roofstock has now raised approximately $75.3m, according to the latest press release. Lightspeed led a $20m series B round in November 2016, investing alongside Khosla Ventures, Bain Capital Ventures, Nyca Partners, QED Investors and SV Angel.
Nyca, QED, SV Angel, Khosla and Bain Capital as well as private investors had earlier supplied nearly $13.3m in funding by March 2016, according to press reports.